Central Office Office Space

Central Office

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,680
As of: March 12, 2017

Central Office Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Office region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 22% increase in rent.

Compared to the rest of the Richmond market, the Central Office region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Central Office Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the Central Office 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,680 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 18 floors. Most buildings in this area were built in 1973 and are Class A.

Central Office Community

Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Office residents. Commuting between 20 and 25 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 Central Office.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Office.
Research