On average, listings lease in the $20's per square foot per year. The Stratford Hills - Stony Point region is seeing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 48% increase in rent.
Compared to the rest of the Richmond market, the Stratford Hills - Stony Point submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 380% of the office spaces in the Stratford Hills - Stony Point are subleases, so you might be able to snag a great spot on a short term. 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 1,110 sqft. Most properties in this area are close to 4 stories. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Stratford Hills - Stony Point occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.