MOB III
Price
Price on request
Price/Sq Ft
$19.50
Description
Premier Medical Office Space For Lease
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Financial Details
Market Context
As of Q1 2025, the Richmond other market showed a 31.4% vacancy rate, average asking rents near $33.43/SF/yr, and rents up 1.4% year over year. Source: Cushman & Wakefield Q1 2025 market report.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Compare it against other other listings for lease in Richmond, VA to benchmark pricing and space — view the full market.
Other market FAQ
- Is the Richmond other market tightening or softening?
- Vacancy is around 31.4%, with asking rents rising year over year (Q1 2025).
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Rent vs. Market
$24
41.2% above market average
Listed at $24.0/sqft/mo vs. market avg $17.00/sqft/mo
Assumptions
- Market comparison: other in richmond, VA
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