Richmond Retail

Richmond

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,710
As of: February 19, 2017

Richmond Rates

On average, listings lease in the $10's per square foot per year. The Richmond submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 29% decrease in rent.

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

Richmond Listing Supply

In the last 90 days, 14 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces 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.

Even though the median size is 5,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1978 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