Most listings are in the $20's per square foot per year. The The Fan region is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Richmond market, the The Fan submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office 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 1,410 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1938 and are Class B.
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 car is the most popular way to get to work amongst The Fan residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.