Richmond, Virginia, is a prime location for Industrial Space, offering a unique blend of history, culture, and economic growth. With a population of over 226,000 residents, Richmond forms the core of a metropolitan area with over 1.3 million people, making it an attractive location for businesses and industries. The city's economy is primarily driven by law, finance, and government sectors, with a downtown area housing various governmental agencies, legal firms, and Fortune 500 companies like Dominion Energy, CarMax, and Owens & Minor. Additionally, Richmond's infrastructure is well-equipped, with the Richmond International Airport, Greater Richmond Transit Company (GRTC) for public transportation, and interstate highways I-64 and I-95. The city's educational institutions, such as Virginia Commonwealth University, University of Richmond, and Virginia Union University, provide a skilled workforce, making it an ideal location for Industrial Space For Lease.
Richmond's Industrial Space For Lease market offers a range of options, with 47 available listings. The average annual rent per square foot is $20 USD, with a minimum of $5 USD and a maximum of $31 USD. The average size of Industrial Space For Lease is 39,438 square feet, with a minimum of 780 square feet and a maximum of 639,000 square feet. In addition to Industrial Space, Richmond also offers other property types, such as Flex Space, which is ideal for businesses that require a combination of office and warehouse space. Commercial Real Estate is also available, providing a range of options for businesses looking to establish a presence in the city. Land is also available for development, and Restaurants can be found throughout the city, offering a range of dining options. With its unique blend of history, culture, and economic growth, Richmond is an attractive location for businesses and industries, making it an ideal location for Industrial Space For Lease.
What is the average size of industrial space for lease in the Richmond market?
The average size of industrial space for lease in the Richmond market is 39,438 square feet, with a total of 47 available listings, offering a range of options for businesses looking to establish or expand their operations in the area.
What do I need to look for when leasing an industrial space in Richmond?
When leasing an industrial space in Richmond, there are several key factors to consider, including:
- Average annual rent per square foot, which is currently $20 USD per square foot, and average space size, which is approximately 39,438 square feet, to ensure the space meets your business needs and budget.
- Proximity to major transportation facilities, such as the Richmond International Airport, Greyhound Lines bus terminal, and Interstate 64 and Interstate 95 highways, to facilitate the movement of goods and employees.
- Access to amenities, including utilities, such as electricity, natural gas, and water services, as well as recreational facilities, like parks and the James River Parks System, to support employee well-being and quality of life.
