Downtown Richmond Industrial

Downtown Richmond

Market Report

Number of Listings
Posted in the last 90 days
28
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,770

Downtown Richmond Rates

On average, listings lease in the $30's per square foot per year. The Downtown Richmond submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the Richmond market, the Downtown Richmond region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Downtown Richmond Listing Supply

In the last 90 days, 393 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases in the Downtown Richmond are subleases, so you will probably have to consider a longer term lease. 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 4,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1953 and are Class A.

Downtown Richmond Community

A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Most of the occupants of Downtown Richmond work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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