On average, listings lease in the $20's per square foot per year. The Fan - Oregon Hill - Carver region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Richmond market, the Fan - Oregon Hill - Carver submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been listed, which means leases might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 90,620 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1911 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Fan - Oregon Hill - Carver folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.