The typical asking rate per listing is in the $20's per square foot per year. The Richmond submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Richmond market, the Richmond submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 82 listings have been listed, so you'll want to check back regularly for new listings. 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 2,010 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1960 and are Class B.