The Fan Retail

The Fan

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,780
As of: May 22, 2017

The Fan Rates

The typical asking rate per listing is in the $20's per square foot per year. The The Fan submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Richmond market, the The Fan submarket has higher rates, and you'll need to pay a premium to be in this hot region.

The Fan Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces might be 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 2,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1938 and are Class B.

The Fan Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst The Fan occupants. Commuting more than an hour and a half 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 The Fan.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Fan.
Research