Near West End Retail

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Near West End

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
2,580
As of: December 2, 2016

Near West End Rates

On average, listings lease in the $10's per square foot per year. The Near West End submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 33% decline in rent.

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

Near West End Listing Supply

In the last 90 days, 7 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,580 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1981 and are Class B.

Near West End Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Near West End residents. 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 Near West End.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near West End.
Research