What we can help you with...
Starting a new business or expanding an existing one requires you to find new office space that is for lease, rent or sale. We can help.
During your search, there are different factors you have to pay attention to, such as the location, your budget and the contract details. To help you with your search for a Richmond office space, you can use the tools and experts that are available at OfficeFinder. By using our service, you can not only save time and money, but also prevent making any costly mistakes when renting or buying an office space in Richmond.
About Richmond
the Richmond office space market, including the surrounding areas, has over 25 million square feet of office space and a healthy vacancy rate in the lower teens. The market has been steadily improving over the past few years with it now leaning more in the landlords favor than that tenants favor. A very good reason to make sure you have the assistance of a high quality office tenant rep, like the ones OfficeFinder has in Richmond.
You’ll find renting an office space in Richmond to be a great decision because of economic reasons. It has a manufacturing base that is diverse and strong, which has kept the community above the water, even through the economic recessions and the Great Depression. What has also contributed to its economic stability is the concentration of state and federal agencies that exist here, along with headquarters for bank-holding companies and major corporations, health facilities, and educational institutions. More than half the jobs here are either from the services or government sector.
Other industries have been attracted to Richmond over the past 10 years, such as information technology and major semiconductor manufacturing firms. Thanks to the cutting edge technology that derives from here now, Richmond is known to be a hub for entrepreneurship and innovation. The medical community is also one to watch out for, given the Virginia Bio-Technology Research Park, which provides research for drug development, biomedical engineering, medical diagnostics, and environmental and forensics analysis. It is located near the Virginia Commonwealth University’s Medical College of Virginia. The compound features 20 acres of facilities, which includes 45 bioscience, biotechnology and other similar research institutions and companies.
There are various incentive and job placement programs that are available to help keep the economy going strong in Richmond. On the business side, the state offers enterprise zone incentives, which consists of contributing financing and local tax incentives for businesses in Enterprise Zones. The Greater Richmond Partnership, Inc. offers relocation services for employees in new businesses and also helps finance small businesses. This is available through the James River Certified Development Corporation.
Getting your business jumpstarted or expanded in Richmond is definitely possible with the range of programs and services available here.
As for finding your office space in Richmond, we’d love to help. Just complete the short form on this page and we will get back to you right away with one of our top Richmond office space specialists.
Useful Statistics for businesses looking for office space in Richmond
|
Richmond |
VA State |
2020 Estimated Population |
229,233 |
8,509,358 |
Median Age |
34.1 |
38.4 |
Occupied |
39,801 |
2,123,771 |
Owned |
95,073 |
5,602,788 |
Rented |
120,844 |
2,566,756 |
Average Household Size |
2.40 |
2.60 |
Rental Vacancies |
2,607 |
61,514 |
Homeowner Vacancies |
495 |
28,811 |
Median Home Value |
$244,200 |
$282,800 |
Median Monthly Rental Cost |
$1,070 |
$1,257 |
Median Household Income |
$28,458 |
$36,895 |
Individuals below poverty level |
30,897 |
526,105 |
Educational Attainment: High school graduate |
34,423 |
1,392,823 |
Educational Attainment: Some College |
39,477 |
1,571,035 |
Educational Attainment: Bachelor degree or higher |
38,533 |
1,304,079 |
Commute |
92,665 |
3,541,421 |
Commute by car, truck or other vehicle - Drive Alone |
82,689 |
3,163,869 |
Commute by car, truck or other vehicle - Carpool |
9,976 |
377,552 |
Use Public Transportation |
5,929 |
168,784 |
Work from Home |
9,110 |
341,184 |