Richmond Industrial

Richmond

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,020
As of: June 23, 2017

Richmond Rates

The typical asking rate per listing is in the $10's per square foot per year. The Richmond submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Richmond Listing Supply

In the last 90 days, 2 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the office spaces 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,020 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1998 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

Madison County Submarkets