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932 Commercial Real Estate Listings in Richmond, VA

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Richmond, VA Commercial Real Estate

There are currently 933 commercial listings available in Richmond, VA. These listings include 549 commercial spaces that encompass a total of 8,902,392 square feet. Available commercial spaces in Richmond, VA range in size from 0 square feet to 1,330,000 square feet. A total of 565 off-market commercial properties located in Richmond, VA are also available for research.

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Richmond, VA Commercial Inventory Breakdown

In 2022 the Richmond, VA commercial real estate market totaled 24,443,405 square feet of office spaces, 4,932,436 square feet of office spaces with retail, and 32,327,721 square feet of industrial space.

Office Spaces

Total: 24,443,405 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 4,953,360 SqFt 20.26% of total office
100k to 500k SqFt 16,107,243 SqFt 65.9% of total office
500k to 1M SqFt 3,382,802 SqFt 13.84% of total office
By class:
Class A 11,885,565 SqFt 48.62% of total office
Class B 9,081,918 SqFt 37.15% of total office
Class C 608,187 SqFt 2.49% of total office
Roughly 13.84% of the total office space in Richmond, VA is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 20.26% of the office inventory.

Class A office space holds a 48.62% share of the overall Richmond, VA office market, while Class B office assets make up approximately 37.15%.

Industrial

Total: 32,327,721 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 6,497,804 SqFt 20.1% of total industrial
100k to 500k SqFt 18,516,116 SqFt 57.28% of total industrial
500k to 1M SqFt 3,713,741 SqFt 11.49% of total industrial
> 1M SqFt 3,600,060 SqFt 11.14% of total industrial
By class:
Class A 8,174,775 SqFt 25.29% of total industrial
Class B 20,475,855 SqFt 63.34% of total industrial
Class C 1,821,749 SqFt 5.64% of total industrial
There are 18,516,116 square feet of commercial real estate properties between 100k to 500k square feet, representing 57.28% of the Richmond, VA industrial inventory. Class A assets total 8,174,775 square feet of industrial space, with an additional 20,475,855 square feet of Class B and 1,821,749 square feet of Class C properties.

Office Spaces with Retail

Total: 4,932,436 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,052,783 SqFt 21.34% of total office with retail
100k to 500k SqFt 3,879,653 SqFt 78.66% of total office with retail

Richmond, VA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Richmond, VA Office 165 2,801,731
Richmond, VA Retail 118 1,761,833
Richmond, VA Industrial 52 3,037,693
Richmond, VA Other 384 8,929,945
Ofice Icon

165

Office

Industrial Icon

52

Industrial

Retail Icon

118

Retail

Current local active listing encompass 16,531,202 square feet of commercial space for lease in Richmond. There are 165 active office listings, which amount to 2,801,731 square feet and account for 22% of commercial spaces on the market. Local retail availability includes 1,761,833 square feet across 118 listings. Current industrial offerings on the market amount to 3,037,693 square feet across a total of 52.

Employment in Richmond, VA

Employed Population 125,173

Employed population - Industry % Distribution

Management, business, science, and arts occupations

42%

Service occupations

21%

Sales and office occupations

19%

Production, transportation, and material moving occupations

12%

Natural resources, construction, and maintenance occupations

7%

In 2020, roughly 42% of a total of 125,173 employed in Richmond worked in Management, business, science, and arts occupations, followed by 21% in Service occupations and 19% in Sales and office occupations.

Income per capita $36,434  Median household income $51,285

Household income

49%

Under $50k

28%

$50k - $100k

16%

$100k - $200k

7%

Over $200k

The median household income in Richmond stands at $51,285, with per capita income at $36,434. Households earning between $50k and $100k represent 28% of the total, while those earning over $200k make up 7%. Approximately 49% of Richmond households earn less than $50k per year.

Commuting in Richmond, VA

Mean travel time to work 23 minutes

Means of transportation to work

70.00%

Driving alone

9.80%

Carpool

6.50%

Public transit

1.20%

Bicycle

4.40%

Walking

1.70%

Other

6.30%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Richmond in 2020 was 23 minutes. Around 70.00% of workers commute by Driving alone, 9.80% Carpool and 6.50% by Public transit.

Education in Richmond, VA

High school grad or higher 85%

Bachelor's degree or higher 39%

Population by minimum level of education

15%

No degree

22%

High school

24%

Some College

24%

Bachelor's

16%

Post-grad

*Universe: Workers 25 and over

An estimated 85% of Richmond residents aged 25 or over hold a high school degree or higher. Of those, 22% are high school graduates, 24% attended some college, 24% earned a bachelor's degree, with an additional 16% holding post-graduate degrees.

Richmond, VA Demographics

As of 2020, Richmond had a total population of 230,436, with a median age of 34.20 years. Roughly 71.60% of the total population was between the ages of 16 and 64 years old.