Richmond Office Market Trends

Office Rental Market

  • $33.99 2019 Avg. Asking Rent
  • 8.75 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Richmond was $33.99 per square foot, and the office vacancy rate across the market averaged 8.75 %. During 2019, developers added 0 square feet of new office space to the Richmond market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Richmond Class B Office Buildings$29.94
  • Richmond Class C Office Buildings$26.01
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Richmond, CA Office Asking Rents by Class

OFFICE CONSTRUCTION IN Richmond, CA

  • Richmond, CA Total Sqft completed in 2019 0
  • Richmond, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Richmond
Building name Address Total Sqft Year built
1689 Regatta Blvd 1689 Regatta Blvd, 94804 202,811 2001
Point Richmond Tech Center I 1001 West Cutting Blvd, 94804 116,335 1981
Marina Shores Research Center - 1450 Marina Way 1450 Marina Way South, 94804 96,440 1999
Marina Center 1275 Hall Avenue, 94804 92,904 2001
Kaiser Permanente Richmond Medical Center - Medical Office Building 2 901 Nevin Avenue, 94801 82,385 1979
Regatta Business Park - 914 Marina Way South 914 Marina Way South, 94804 80,697 1999
Kaiser Permanente Richmond Medical Center - Medical Office Building 1 901 Nevin Avenue, 94801 76,026 1979
200 & 210 Parr Blvd 210 Parr Blvd, 94801 57,319 2003
Brickyard Cove Marina - Bluefin, Sail Loft & Schooner Buildings 1160 Brickyard Cove Road, 94801 52,599 1980
1337 South 46th Street 1337 South 46th Street, 94804 45,800 1994
Largest Office Properties Recently Completed in Richmond
Office building Address Sqft Completed
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 Center 1275 Hall Avenue, 94804 92,904 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
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
Brickyard Cove Marina - Bluefin, Sail Loft & Schooner Buildings 1160 Brickyard Cove Road, 94801 52,599 1980
Kaiser Permanente Richmond Medical Center - Medical Office Building 2 901 Nevin Avenue, 94801 82,385 1979
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Richmond office market contains an inventory of 2,211,689 square feet of office space, in 33 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.