2020 Office Space Rent & Sales
- $30.42 2020 Avg. Asking Rent
- 13.39% 2020 Office Vacancy Rate
Richmond office price per square foot in 2020 was $30.42 on average. The local office market recorded an average vacancy rate of 13.39% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Richmond Class B Office Space$30.66
- Richmond Class C Office Space$26.31
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Richmond, CA Office Asking Rents by Class
2020 Office Construction in Richmond, CA
- Richmond, CA Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Richmond office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Marina Bay Crossing | 845 Marina Bay Pkwy, 94804 | 79.624 | 2006 |
| Ford Point | 1414 Harbour Way South, 94804 | 477.000 | 2005 |
| Brickyard Cove Marina - Brigantine Building | 1150 Brickyard Cove Road, 94801 | 27.671 | 2004 |
| 200 & 210 Parr Blvd | 210 Parr Blvd, 94801 | 57.319 | 2003 |
| 1689 Regatta Blvd | 1689 Regatta Blvd, 94804 | 202.811 | 2001 |
| Marina Shores Research Center - 1450 Marina Way | 1450 Marina Way South, 94804 | 96.440 | 1999 |
| Regatta Business Park - 914 Marina Way South | 914 Marina Way South, 94804 | 80.697 | 1999 |
| Point Richmond Tech Center II | 501 Canal Blvd, 94804 | 165.000 | 1997 |
| 1337 South 46th Street | 1337 South 46th Street, 94804 | 45.800 | 1994 |
| Point Richmond Tech Center I | 1001 West Cutting Blvd, 94804 | 116.335 | 1981 |
Worth noting among recent office completions on the Richmond market is Marina Bay Crossing, which is currently the largest new office development in the city, at 79.624 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Richmond commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.