On average, listings lease in the $10's per square foot per year. The River Road submarket is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 47% decline in rent.
In the last 90 days, 4 listings have been made available, which means new listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,900 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 1997 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 motorcycle is the most popular way to get to work amongst River Road occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.