Monroe Ward Office Space

Monroe Ward

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
24,000
As of: June 24, 2017

Monroe Ward Rates

Most listings are in the $20's per square foot per year. The Monroe Ward submarket is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year.

Compared to the rest of the Richmond market, the Monroe Ward submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Monroe Ward Listing Supply

In the last 90 days, 9 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available space in the Monroe Ward are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 24,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1893 and are Class B.

Monroe Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Monroe Ward 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 Monroe Ward.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monroe Ward.
Research