On average, listings lease in the $20's per square foot per year. The Downtown Roanoke submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year.
In the last 90 days, 29 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 48% of the available leases in the Downtown Roanoke are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,390 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1931 and are Class B.
Health care is the dominant industry in this region. Most of the occupants 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.