Downtown Roanoke Office Space

Downtown Roanoke

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
920
As of: July 19, 2017

Downtown Roanoke Rates

Most listings are in the $20's per square foot per year. The Downtown Roanoke submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.

Downtown Roanoke Listing Supply

In the last 90 days, 29 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 52% of the available space in the Downtown Roanoke are subleases, so you might be able to find a shorter term or below market rent. 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 920 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1932 and are Class B.

Downtown Roanoke Community

Health care is the dominant industry in this market. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Downtown Roanoke.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Roanoke.
Research