Richmond Industrial Space

Richmond

Market Report

Number of Listings
Posted in the last 90 days
68
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,120

Richmond Rates

The typical asking rate per listing is in the $20's per square foot per year. The Richmond region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Richmond market, the Richmond submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Richmond Listing Supply

In the last 90 days, 772 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available leases in the Richmond are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1953 and are Class B.

Richmond Community

Market Data

Real time and historical data on commercial real estate listings in Richmond.
Research