On average, listings lease in the $20's per square foot per year. The Richmond submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 82% increase in rent.
Compared to the rest of the East Bay market, the Richmond region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 113 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the listings in the Richmond are subleases, so you might be able to snag a great spot on a short term. 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 2,250 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 1978 and are Class A.
Real time and historical data on commercial real estate listings in Richmond.
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