Most listings are in the $10's per square foot per year. The City Center region is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Richmond market, the City Center region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been posted online, which means leases most likley are 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most properties in this area are close to 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 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.