Most listings are in the $10's per square foot per year. The Capitol District submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.
Compared to the rest of the Richmond market, the Capitol District submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 0 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Capitol District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,770 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1985 and are Class B.
Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Capitol District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.