In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Virginia: 894,054 Sq. Ft.
In Virginia, the largest share of office space is in office properties sized 50k to 100k square feet. In terms of quality rating, you’ll find that 425,015 square feet of office space in Virginia is rated Class A. Office space rated Class B amount to 322,739 square feet.
Virginia Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
380,454 Sq. Ft. |
42.55% |
| 100k to 500k Sq. Ft. |
271,196 Sq. Ft. |
30.33% |
Virginia Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A |
425,015 Sq. Ft. |
47.54% |
| Class B |
322,739 Sq. Ft. |
36.1% |
| Class C |
25,500 Sq. Ft. |
2.85% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Virginia: 17,713,296 Sq. Ft.
Virginia is home to an industrial real estate market that encompasses 17,713,296 square feet of space across 21 industrial properties of various use types, sizes, and quality ratings.
Virginia Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
2,343,946 Sq. Ft. |
13.23% |
| 100k to 500k Sq. Ft. |
8,638,096 Sq. Ft. |
48.77% |
| 500k to 1M Sq. Ft. |
1,153,587 Sq. Ft. |
6.51% |
| > 1M Sq. Ft. |
3,487,614 Sq. Ft. |
19.69% |
Virginia Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
6,277,614 Sq. Ft. |
35.44% |
| Class B |
9,680,360 Sq. Ft. |
54.65% |
| Class C |
640,172 Sq. Ft. |
3.61% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Virginia: 3,019,104 Sq. Ft.
The Virginia commercial real estate market includes 21 properties that are dedicated to retail use. The various types of retail space here account for 3,019,104 square feet of commercial property in Virginia.
Virginia Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
1,177,454 Sq. Ft. |
39% |
| 100k to 500k Sq. Ft. |
1,841,650 Sq. Ft. |
61% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
340 Hill Carter Pky, Ashland, VAFor Lease
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14174 North Washington Hwy, Ashland, VAFor Lease
7390 Bell Creek Road, Brandy Hill, Mechanicsville, VAFor Lease
8200 Meadowbridge Road, Mayfield Farms, Mechanicsville, VAFor Lease
8257 Meadowbridge Road, Mayfield Farms, Mechanicsville, VAFor Lease
331 S. Hill Carter Pkwy, Ashland, VAFor Sale
10985 Richardson Road, Ashland, VAFor Lease
167 Junction Drive, Ashland, VAFor Lease
250-278 N Washington Ave, Ashland, VAFor Lease
303 Ashcake Rd, Ashland, VAFor Lease
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10995 Leadbetter Road , Ashland, VAFor Lease
11657 Lakeridge Pkwy, Ashland, VAFor Lease
10385 Wood Park Court , Ashland, VAFor Lease
8220 Meadowbridge Road, Mayfield Farms, Mechanicsville, VAFor Lease
305 Ashcake Road, Ashland, VAFor Lease
7506-7528 Mechanicsville Turnpike, Ridgeview Estates, Mechanicsville, VAFor Lease
8324 Bell Creek Rd, Bell Creek Park, Mechanicsville, VAFor Lease
10173 Chamberlayne Road, Patrick Henry Heights, Mechanicsville, VAFor Sale
8102 Elm Dr, Cold Harbor Meadows, Mechanicsville, VAFor Sale
201 Duncan Street, Ashland, VA
