Richmond Retail

Richmond

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,910
As of: March 12, 2017

Richmond Rates

Compared to the rest of the Greater Portland market, the Richmond region has greater rates, and you'll need to pay a premium to be in this hot region.

Richmond Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Richmond 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,910 sqft. Most properties in this region are around 1 stories. Most buildings in this area were built in 2014.

Richmond Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Richmond occupants. Commuting approximately 20 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 Richmond.
Market Report

Market Data

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