Near West End Industrial

Near West End

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
8,200
As of: July 26, 2017

Near West End Rates

Most listings are in the $20's per square foot per year. The Near West End submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.

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

Near West End Listing Supply

In the last 90 days, 4 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Near West End 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.

Even though the median size is 8,200 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1995 and are Class B.

Near West End Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Near West End occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Near West End.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near West End.
Research