Charlottesville Office Space

Charlottesville

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,810
As of: March 12, 2017

Charlottesville Rates

On average, listings lease in the $10's per square foot per year. The Charlottesville region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 25% decrease in rent.

Charlottesville Listing Supply

In the last 90 days, 7 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Charlottesville 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.

Even though the median size is 2,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this area were built in 1951 and are Class A.

Charlottesville Community

Market Report

Trends and status of the commercial real estate market in Charlottesville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Charlottesville.
Research

Charlottesville Submarkets