On average, listings lease in the $30's per square foot per year. The Stony Point region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Richmond market, the Stony Point region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,460 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 2003 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Stony Point residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.