Near West End Retail Space

Near West End

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
23,150

Near West End Rates

The typical asking rate per listing is in the $10's per square foot per year. The Near West End region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the Richmond market, the Near West End region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Near West End Listing Supply

In the last 90 days, 34 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the Near West End 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 23,150 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1981 and are Class B.

Near West End Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Near West End residents. 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 Near West End.
Research