Richmond Commercial Real Estate

37 Labrook Dr - Entire Building Beaufont, Richmond, VA HVAC
Oct 10
9,480
sqft
For Sale Mixed Use
1607 Sherwood Ave - Entire Building The Diamond, Richmond, VA  
Aug 21
171,820
sqft
For Sale Industrial
5611 Pride Rd - Entire Building Midlothian, Richmond, VA  
Aug 19
26,190
sqft
For Sale Industrial
6290 Old Warwick Rd - Entire Building Midlothian, Richmond, VA Close Highway.
Jun 23
39,000
sqft
For Sale Industrial Mixed Use Office

Richmond

Market Report

Number of Listings
Posted in the last 90 days
25
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,100

Richmond Rates

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.

Richmond Listing Supply

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.

Richmond Community

Market Data

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