On average, listings lease in the $10's per square foot per year. The Patrick Henry region is experiencing a a rise in rates. In the last 3 months, the median rate went up $19 per sqft per year.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Patrick Henry are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1981 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Patrick Henry occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.