On average, listings lease in the $20's per square foot per year. The Richmond region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Richmond market, the Richmond submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available space in the Richmond are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,270 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1957 and are Class B.