Most listings are in the $20's per square foot per year. The Richmond submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Richmond market, the Richmond submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 72 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the listings in the Richmond are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1960 and are Class B.