Monroe Ward Industrial Space

Monroe Ward

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,200

Monroe Ward Rates

Most listings are in the $10's per square foot per year. The Monroe Ward region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decrease in rent.

Compared to the rest of the Richmond market, the Monroe Ward submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Monroe Ward Listing Supply

In the last 90 days, 49 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Monroe Ward 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 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 1,200 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1893 and are Class B.

Monroe Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Monroe Ward folk. Commuting between 30 and 45 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 Monroe Ward.
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