Most listings are in the $20's per square foot per year. The City Center submarket is going through a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Richmond market, the City Center region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 12 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1930 and are Class A.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst City Center folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.