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.
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.
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.