Virginia Retail

Virginia

Office Space Market Report

Number of Listings (last 90 days)
1,467
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,630
As of: March 12, 2017

Virginia Rates

The typical asking rate per listing is in the $20's per square foot per year. The Virginia region is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.

Virginia Listing Supply

In the last 90 days, 1467 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Virginia are subleases, so you will probably have to focus your search on direct office leases. 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 2,630 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1987 and are Class B.

Virginia Community

Market Report

Trends and status of the commercial real estate market in Virginia.
Market Report

Market Data

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