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: February 24, 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 submarket.

Richmond Listing Supply

In the last 90 days, 4 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 on the market, 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 buildings in this area are around 1 stories. Most buildings in this region 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 folk. Commuting around 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