Richmond Sublease

Richmond

Office Space Market Report

Number of Listings (last 90 days)
68
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,060
As of: July 26, 2017

Richmond Rates

Most listings are in the $20's per square foot per year. The Richmond submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

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

Richmond Listing Supply

In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. About 84% of the available space in the Richmond are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,060 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1954 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