Richmond Industrial

Richmond

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,270
As of: February 23, 2017

Richmond Rates

Most listings are in the $20's per square foot per year. The Richmond submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline 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 depreciated region.

Richmond Listing Supply

In the last 90 days, 72 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the listings in the Richmond are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,060 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1960 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