On average, listings lease in the $20's per square foot per year. The Hanover County submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
In the last 90 days, 27 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Hanover County are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1992 and are Class B.