On average, listings lease in the $20's per square foot per year. The Downtown Roanoke region is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.
In the last 90 days, 29 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 31% of the office spaces in the Downtown Roanoke 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,910 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1932 and are Class B.
Health care is the dominant industry in this area. Most of the residents of Downtown Roanoke work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.