Richmond Retail

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,860
As of: June 23, 2017

Richmond Rates

Most listings are in the $10's per square foot per year. The Richmond submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year.

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 undervalued submarket.

Richmond Listing Supply

In the last 90 days, 68 listings have been posted online, so you'll want to check back regularly for new listings. About 97% of the available space in the Richmond are subleases, so you might be able to snag a great spot on a short term. 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 2,500 sqft. Most properties in this region are close to 2 stories. Most buildings in this area 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