Monroe Ward Retail

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Monroe Ward

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,270
As of: March 12, 2017

Monroe Ward Rates

The typical asking rate per listing is in the $20's per square foot per year. The Monroe Ward submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $22 per sqft per year.

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

Monroe Ward Listing Supply

In the last 90 days, 9 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,270 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1901 and are Class B.

Monroe Ward Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Monroe Ward occupants. Commuting between 30 and 45 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 Monroe Ward.
Market Report

Market Data

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