Near West End Sublease

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Near West End

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
8,200
As of: July 22, 2017

Near West End Rates

On average, listings lease in the $20's per square foot per year. The Near West End submarket is going through a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.

Compared to the rest of the Richmond market, the Near West End region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Near West End Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Near West End 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.

Even though the median size is 8,200 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1995 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