Real estate in Greater Richmond offers a variety of affordable options for small and large businesses, including prepared sites and buildings in more than 100 office and industrial parks and incubator facilities for small or start-up businesses. Greater Richmond also offers:
- Building construction costs that are 13 percent below the national average.
- Local economic development offices to support fast-tracking projects.
By contacting the Greater Richmond Partnership directly with your real estate requirements, we can provide you with custom, current and complete real estate options and solutions.
The Partnership also has a subscription to the CoStar property database. Please call 804-643-3227 or contact us online with additional site requests.
Real estate costs
Office
| Location | Class A | Class B |
|---|---|---|
| Central Business District | $26.10 | $20.63 |
| Suburban | $23.38 | $23.60 |
| Totals | $24.43 | $22.38 |
Industrial
| Type | Cost |
|---|---|
| Flex | $14.69 |
| Warehouse / Distribution | $9.00 |
| Totals | $9.56 |
Note: Asking rental rates are per square foot per year triple net. Source: CoStar Market Reports, October 2024. |
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