Office for Lease in Richmond, TX

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Richmond, TX 77406
  • Size: 21,964 SF

Description

Position your business in one of Richmond’s fastest-growing corridors. Located along the bustling Grand Parkway (SH-99), this modern, two-story Class B office building offers exceptional visibility, easy access, and a strong tenant mix of established medical and professional practices. Don't miss an opportunity to locate your practice in a high-traffic, purpose-built medical office environment. Free Rent & BTSA 2nd Med Office Building SF: 21964 | Land Size: 80987.0 SF | Listing Type: FOR LEASE

Market Context

This office in Richmond, TX is listed for lease across 21,964 SF. It has been on the market for 12 days. Compare it against other office listings for lease in Richmond, TX — <a href="/search/lease/office/texas/richmond">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

$7.71/SF/mo – $10.43/SF/mo

Mid: $9.07/SF/mo

Total estimate for 21,964 SF: $199,213

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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