Richmond For Sale

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,550
As of: June 28, 2017

Richmond Rates

The typical asking rate per listing is in the $10's per square foot per year. The Richmond region is experiencing a a rise in rates. In the last 3 months, the median rate increased $19 per sqft per year.

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

Richmond Listing Supply

In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. About 100% of the office spaces in the Richmond are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,860 sqft. Most buildings in this region are around 2 floors. Most buildings in this region 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