On average, listings lease in the $10's per square foot per year. The Hanover County submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 8 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Hanover County 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.
Even though the median size is 3,100 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1993 and are Class B.