Office for Lease in Glen Allen, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Glen Allen, VA 23060

Description

Reduced Rental Rate: $14/SF, Full Service! Move-In Ready Class A Office Space With Furniture Included Highwoods One is a Class A office building in Innsbrook Corporate Park, set in a scenic lakefront location. Common areas have undergone upscale recent renovations, which include a gathering space in the lobby with ample seating/meeting areas, a coffee bar/vending, and patio seating overlooking the lake, with access to nearby walking and jogging trails. The property features a diverse mix of professional office tenants, fostering a dynamic business environment. Strategically located, Highwoods One provides immediate access to I-295, facilitating seamless connectivity to the Greater Richmond area for employees and clients.

Market Context

This office in Glen Allen, VA is listed for lease. It has been on the market for 148 days. Compare it against other office listings for lease in Glen Allen, VA — <a href="/search/lease/office/virginia/glen-allen">view the full market</a>.

As of Q1 2025, the Richmond office market showed a 31.4% vacancy rate, average asking rents near $33.43/SF/yr, rents up 1.4% year over year, and cap rates around 9.5%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Richmond?
About 9.5% as of Q1 2025, per Consensus.
Is the Richmond office market tightening or softening?
Vacancy is around 31.4%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$11.40/SF/mo – $15.42/SF/mo

Mid: $13.41/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market greenville (similarity: 100%) with 28 comparable listings.

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