Richmond Office Space

Richmond

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$13
Median Size (sqft)
2,810
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 region is seeing a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year.

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

Richmond Listing Supply

In the last 90 days, 14 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 93% 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,810 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 stories. 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