The typical asking rate per listing is 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 rose $11 per sqft per year. That's a 82% increase in rent.
Compared to the rest of the East Bay market, the Richmond submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 113 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available leases in the Richmond are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 market are approximately 1 stories. Most buildings in this market were built in 1978 and are Class A.
Real time and historical data on commercial real estate listings in Richmond.
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