Office for Sale in Richmond, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Richmond, VA 23219

Description

Now Available for sublease, office space, Two James Center located at 1021 E Cary St. Available square footage +/- 35,000 SF.

Market Context

This office in Richmond, VA is listed for sale. It has been on the market for 4 days. Compare it against other office listings for sale in Richmond, VA — <a href="/search/sale/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 assets trade 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).

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