The typical asking rate per listing is in the $20's per square foot per year. The Shockoe Slip submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $23 per sqft per year.
Compared to the rest of the Richmond market, the Shockoe Slip region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have come on the market, which means new listings might be 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.
Even though the median size is 4,370 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this area were built in 1890 and are Class A.
A large portion of this area 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.