Most listings are in the $10's per square foot per year. The City Center submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year.
Compared to the rest of the Richmond market, the City Center region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the available space in the City Center are subleases, so you might be able to find a shorter term or below market rent. 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 820 sqft. Most properties in this region are close to 4 stories. Most buildings in this market were built in 1930 and are Class C.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst City Center residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.