City Center Retail

City Center

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
790
As of: August 19, 2017

City Center Rates

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

City Center Listing Supply

In the last 90 days, 16 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the City Center are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 790 sqft. Most properties in this area are close to 4 stories. Most buildings in this market were built in 1930 and are Class C.

City Center Community

This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst City Center occupants. Commuting under 5 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 City Center.
Market Report

Market Data

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