The Fan Sublease

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: June 25, 2017

The Fan Rates

On average, listings lease in the $20's per square foot per year. The The Fan region is going through a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year.

Compared to the rest of the Richmond market, the The Fan submarket has greater 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 posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the listings in the The Fan are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst The Fan residents. 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