Richmond Industrial

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,690
As of: August 21, 2017

Richmond Rates

Most listings are in the $20'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 $3 per sqft per year. That's a 13% rise in rent.

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

Richmond Listing Supply

In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 85% of the available leases in the Richmond are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,220 sqft. Most properties in this area are close to 2 stories. 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