The typical asking rate per listing is in the $30's per square foot per year. The Richmond region is seeing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 39% rise in rent.
Compared to the rest of the Richmond market, the Richmond submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 772 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Richmond are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,890 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1953 and are Class B.
Real time and historical data on commercial real estate listings in Richmond.
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