2025 Office Space Rent & Sales
- $26.42 2025 Avg. Asking Rent
- 12.34% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Richmond?
Average asking rents for office space here stand at $26.42 per square foot. The local office market recorded an average vacancy rate of 12.34% in 2025, unchanged from 12.34% in 2024.
Richmond, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
What are the largest recent office completions in Richmond?
The largest recent office completion here is 860 Harbour Way South at 40,000 square feet, completed in 2002.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Brickyard - Retail / Office | 1150 Brickyard Cove Road, 94801 | 18,655 | 2004 |
| 860 Harbour Way South | 860 Harbour Way South, 94804 | 40,000 | 2002 |
See reports for other markets
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- Pasadena Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.