Office for Lease in Richmond, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Richmond, VA 10800

Description

Office | For Lease: 1,152 - 7,382 SF Office Space For Lease Key Facts Capital improvements: updated common areas and bathrooms, new roof, updated atrium Catherine Walker Vice President Richmond - North License #: 0225238205 +1 804 968 1978 Call Now +1 804 968 1978 License #: 0225238205 Gray Bryant Associate Vice President Richmond - North License #: 225226346 +1 804 237 8087 Call Now +1 804 237 8087

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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