Industrial Property for Lease in Glen Allen, VA

  • Price: $8.5M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Glen Allen, VA 23059

Description

UNDER CONTRACT

Market Context

This industrial in Glen Allen, VA is listed for lease at $8,500,000. It has been on the market for 164 days. Compare it against other industrial listings for lease in Glen Allen, VA — <a href="/search/lease/industrial/virginia/glen-allen">view the full market</a>.

As of Q4 2025, the Richmond industrial market showed a 5.2% vacancy rate, average asking rents near $9.38/SF/yr, and cap rates around 5.5%. Source: Consensus Q4 2025 market report.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

What is the typical cap rate for industrial in Richmond?
About 5.5% as of Q4 2025, per Consensus.
Is the Richmond industrial market tightening or softening?
Vacancy is around 5.2% (Q4 2025).

Unified Estimate

Very Low Confidence

$0.76/SF/mo – $1.02/SF/mo

Mid: $0.89/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 las-vegas (similarity: 100%) with 16 comparable listings.

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