Compared to the rest of the Richmond market, the City Center submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the City Center 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 790 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1930 and are Class C.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.