River Road Retail

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River Road

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
4,900
As of: January 22, 2017

River Road Rates

On average, listings lease in the $10's per square foot per year. The River Road submarket is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 47% decline in rent.

River Road Listing Supply

In the last 90 days, 4 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,900 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 1997 and are Class B.

River Road Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst River Road occupants. 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 River Road.
Market Report

Market Data

Real time and historical data on commercial real estate listings in River Road.
Research