On average, listings lease in the $0's per square foot per year. The Shockoe Slip submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 2 listings have been made available, which means 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 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 1,500 sqft. Most buildings in this region are around 5 stories. Most buildings in this market were built in 1890 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Shockoe Slip residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.