Downtown Roanoke Retail

Downtown Roanoke

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,300
As of: December 3, 2016

Downtown Roanoke Rates

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.

Downtown Roanoke Listing Supply

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.

Downtown Roanoke Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Roanoke.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Roanoke.
Research