Richmond Sublease

Richmond

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,270
As of: February 28, 2017

Richmond Rates

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

Richmond Listing Supply

In the last 90 days, 73 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Richmond 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.

Even though the median size is 3,270 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1960 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