Richmond Industrial

Richmond

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$13
Median Size (sqft)
2,810
As of: July 23, 2017

Richmond Rates

On average, listings lease in the $10's per square foot per year. The Richmond region is going through a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 51% decrease in rent.

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

Richmond Listing Supply

In the last 90 days, 14 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 86% of the available space 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.

Even though the median size is 2,810 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region were built in 1987 and are Class A.

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

Richmond Submarkets