On average, listings lease in the $20's per square foot per year. The Richmond region is seeing 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 region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 68 listings have been posted online, 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 2,080 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1961 and are Class B.