The typical asking rate per listing is in the $20's per square foot per year. The Richmond submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Richmond 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, 772 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the listings in the Richmond are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,120 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1953 and are Class B.
Real time and historical data on commercial real estate listings in Richmond.
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