Richmond Commercial Real Estate And Office Space For Rent

Description:

Richmond:

Richmond is a city in western Contra Costa County. It is located in the East Bay, part of the San Francisco Bay Area. It is a residential inner suburb, as well as the site of heavy industry, which has been undergoing a shift towards a service and commercial economy since the 1970s. This development proves a bright future for businesses to find commercial listings and office space availabilities through Rofo. Richmond almost completely surrounds the city of San Pablo, and the unincorporated areas of North Richmond, El Sobrante and East Richmond Heights. This central location offers many commercial real estate and commercial listings, as well as commercial office space and industrial properties These features attract many businesses to find commercial real estate and commercial listings, as well as commercial office space and industrial properties.

Companies who look for spaces in Richmond also search in these neighboring cities: El Cerrito, Pinole, and San  Pablo.

Warehouse space: Richmond developed rapidly as a heavy industrial town, chiefly devoted to shipbuilding. Its major activity now is as a seaport, with 26 million tons of goods shipped through Port of Richmond in 1993, mostly oil and petroleum products. This port is located in along the city's southern coast beside the Richmond Inner Harbor, handles the third-largest shipping tonnage in California annually, a total of 19 million short tons. This easy access to the airport gives another reason to find warehouse space or industrial real estate listings in Richmond. It ranks number one for ports of the San Francisco Bay for vehicles and liquid bulk. In addition to these commodities, the port can also handle dry-bulk, break-bulk, and containers. Seven of the terminals are city-owned, in addition to 5 dry docks, while there are 11 privately-owned terminals. The port is served by a rail network operated by four major rail companies. Richmond Parkway also connects I-580 in the Point Richmond area to the Hilltop Area and I-80; it runs along the city’s heavily industrial western side and through North Richmond. This easy access to the these highways gives another reason to find warehouse space or industrial space listings in Richmond.

Retail space: The Hilltop Area includes Hilltop Mall, in addition to Hilltop Auto Mall and a movie multiplex with 16 theaters in the Hilltop Plaza shopping center. These shopping centers have significant amounts of small retail spaces that are perfect for small shops and restaurants. The 23rd Street corridor has evolved into a predominantly Latino neighborhood over the last twenty years as have the storefronts. These centers offer many small retail property and commercial leases. In the downtown area, Richmond Shopping Center was built as part of the city's "main street" revitalization efforts. The MacDonald 80 Shopping Center is a commercial plot along the trunk route of Macdonald Avenue which has been designated the city's main street under the aforementioned program. Richmond attracts many residents from surrounding towns and makes it a great location to start a retail business. This central location has lead to many available commercial real estate and commercial listings. This retail space is very easy to find using Rofo. The attractions that Richmond offers make it a great place for businesses to find commercial properties for rent or commercial real estate for lease.

Office space: Starting in the early 2000s, the city began an aggressive redevelopment effort spurring exurban tract housing, condominiums, townhomes, a transit village, and terraced hillside subdivisions. This development proves a bright future for businesses to find commercial listings and office space availabilities through Rofo. This means a fresh load of local, high-qualified labor to the area. Many companies like to locate in Richmond because of its proximity to a very educated work force. In terms of transportation, Interstate 80 cuts through the eastern and northeastern portions of the city, connecting it to Pinole, Hercules and then on to Vallejo and the Carquinez Bridge. This easy access to the airport gives another reason to find commercial office space or office space listings in Richmond. Interstate 580 also curves along the southern waterside of Richmond, merging into I-80. State Route 123 runs through Richmond and San Pablo to Pinole and Hercules. This proximity is attractive for businesses to base their office space in Richmond through finding commercial office space listings. Public transportation includes Amtrak, BART, AC Transit, and Golden Gate Transit buses. The ease of public transportation is very convenient to locate office space and commercial office space in this city.

Quick Market Stats:

There's roughly 700,000 square feet of office space with a rough overall vacancy rate of 6%.  The average asking rates for office space is $2.00(fs).


The industrial space market is roughly 12,000,000 square feet and has an overall vacancy rate of just 5%.  Average lease rates range for warehouse space is $0.40 while R&D/Flex space is $0.85.