On average, listings lease in the $10's per square foot per year. The Downtown Roanoke region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 18 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1929 and are Class B.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this area. Most of the folk of Downtown Roanoke work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.