Office for Lease in Richmond, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Richmond, VA 23229

Description

Office | For Lease: 1,734 - 8,376 SF Two-story 31,352 SF building Key Facts Seeking Qualified Cafe/Restaurant Operator For Large Office Park: 1,260 SF available; Potential for catering business; Flexible lease terms Malcolm Randolph Senior Vice President Richmond - North License #: 0225069699 +1 804 267 7208 Call Now +1 804 267 7208 +1 804 873 6890 Call Mobile +1 804 873 6890 License #: 0225069699 Catherine Walker Vice President Richmond - North License #: 0225238205 +1 804 968 1978 Call Now +1 804 968 1978

Market Context

This office in Richmond, VA is listed for lease. It has been on the market for 128 days. Compare it against other office listings for lease in Richmond, VA — <a href="/search/lease/office/virginia/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

$9.03/SF/mo – $12.21/SF/mo

Mid: $10.62/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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