On average, listings lease in the $20's per square foot per year. The Shockoe Slip region is seeing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year.
Compared to the rest of the Richmond market, the Shockoe Slip submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,370 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this market were built in 1890 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Shockoe Slip residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.