On average, listings lease in the $10's per square foot per year. The Downtown Roanoke submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 18 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1929 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. Most of the residents of Downtown Roanoke work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.