Richmond For Sale

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,220
As of: August 18, 2017

Richmond Rates

On average, listings lease in the $20's per square foot per year. The Richmond region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 17% increase in rent.

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

Richmond Listing Supply

In the last 90 days, 68 listings have come on the market, so you'll want to check back regularly for new listings. About 82% 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,220 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1954 and are Class B.

Richmond Community

Market Report

Trends and status of the commercial real estate market in Richmond.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Richmond.
Research