Compared to the rest of the Richmond market, the Central Office region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available space in the Central Office 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,680 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 18 stories. Most buildings in this area were built in 1973 and are Class A.
Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Office occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.