On average, listings lease in the $20's per square foot per year. The Carytown - Museum District submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Richmond market, the Carytown - Museum District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the listings in the Carytown - Museum District 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Carytown - Museum District folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.