Richmond Retail

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,220
As of: August 16, 2017

Richmond Rates

On average, listings lease in the $20's per square foot per year. The Richmond region is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% rise in rent.

Compared to the rest of the Richmond market, the Richmond submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Richmond Listing Supply

In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 75% 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,060 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1954 and are Class B.

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