On average, listings lease in the $10's per square foot per year. The Downtown Montpelier region is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 17% rise in rent.
In the last 90 days, 2 listings have been made available, which means office spaces most likley are leasing quickly. 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 10,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Montpelier residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.