Office Suite Rentals:

Business options are everywhere in a lot of different areas in Richmond. With so much economical growth in the general area, it’s important to note that the awards the city has been given have provided business with a great amount office space options to explore. The office vacancy rate is 16% and has given rise to lower costs for entrepreneurs of all types. A recent survey of office space vacancies yielded prices at around $500 a month for small spaces in prime locations, as well as larger options at around $2 - $1 a square foot with some having prime locations, and amenities that make them appealing to all backgrounds. Those looking for executive office suites, will be pleased to find that there are many vacancies at around $400 a month with private entries, conference rooms, high speed internet, and many other options to explore. The prices are relative low compared to other major cities, and growth continues to develop and grow. Office furniture options are also prevalent in the area, in the form of both large-scale stores and small mom & pop shops that help furnish the office suite vacancies for a more comfortable setting. Other cities that we work in are Charlotte, Norfolk, Raleigh, and Charleston.

Office Space Amenities:

For most companies having 1 or 100 employees- it is a risk renting an office suite or executive office. Any owner(or office manager) must choose amenities that employees are going to need. There is a list below of typical amenities that office buildings offer. Phone Answering, Admin, Kitchen Facilities, Service Elevators, Meeting Rooms, Conference Suites, Virtual spaces, 24 Hour Access. To research more about your local real estate market then check out our office suites articles page.

Economy/Jobs:

The city of Richmond is the capital of the state of Virginia. It is a large independent city and has an estimated population of around 200,123 in the city core, and upwards of 1.2 million residents in the greater metropolitan area. The city has seen a great growth and development, and is home to the United States Court of Appeals for the Fourth Circuit and one of the 13 United States courts of appeals. It has a deep history that reaches back to the founding of the nation and has a diverse economic picture.
The economic history of Richmond is diverse, and offers a great diversity of companies that employ millions. The area has been named the third best city for business by MarketWatch and is seeing as much growth as some other areas in the Nation. Some of the bigger companies in the area include CarMax, Owens & Minor, Genworth Financial, Altria Group, Brink’s, Massey Energy, Universal Corporation, and Markel, just to name a few. The area has a large financial and business district in the downtown area, as well education, manufacturing, and transportation industry. The unemployment rate of the city has recently risen to 9% and is higher than the national average.

Population/Crime:

Despite the large population, the area does not have any major league professional sports teams. There are three minor league teams are in the area. The teams include the Richmond Kickers, The Richmond Lions, and the Richmond Renegades, all of which have a good overall winning tradition. The city is also a great hub for Division I and Division II NCAA sports with the University of Richmond, Virginia Commonwealth University, and Virginia Union University all compete in the area. Aside from minor league sports, the area has a great tradition of professional wrestling.
The area crime rate is 85 per one thousand residents and has seen some troubled years in the last decade. Despite an increase in crime in certain areas, there are still safer neighborhoods in the greater metropolitan area. One survey even went as far to say that 90% of the communities outside of the city center had lower crime rates then the central part of the city. Like other large cities, the area has pockets of crime, and has seen some changes. Local law enforcement agencies have been making a concentrated effort to calm the hard areas.