Most listings are in the $20's per square foot per year. The Fan - Oregon Hill - Carver region is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Richmond market, the Fan - Oregon Hill - Carver region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means leases are probably leasing quickly. 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 1,410 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1913 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Fan - Oregon Hill - Carver residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.