Richmond Office Space

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,060
As of: July 24, 2017

Richmond Rates

On average, listings lease in the $20's per square foot per year. The Richmond region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease 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 submarket.

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 84% of the listings 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,060 sqft. Most properties in this region are approximately 2 floors. 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