Richmond Office Space

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,270
As of: March 12, 2017

Richmond Rates

The typical asking rate per listing is in the $20's per square foot per year. The Richmond submarket is seeing a decrease 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 region has less expensive 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 4% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,270 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1957 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