Richmond Retail

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,460
As of: May 22, 2017

Richmond Rates

On average, listings lease in the $20's per square foot per year. The Richmond region is seeing a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.

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

Richmond Listing Supply

In the last 90 days, 68 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Richmond 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 3,460 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1956 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