Prime Manufacturing Facility - 53.18 Total Acres/41±… — Lease in Glen Allen, VA

  • Price: $7.5M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Glen Allen, VA 23059

Description

UNDER CONTRACT

Market Context

This industrial in Glen Allen, VA is listed for lease at $7,500,000. It has been on the market for 196 days. Compare it against other industrial listings for lease in Glen Allen, VA — view the full market.

As of Q4 2025, the Richmond industrial market showed a 5.2% vacancy rate, average asking rents near $9.38/SF/yr, and cap rates around 5.5%. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

What is the typical cap rate for industrial in Richmond?
About 5.5% as of Q4 2025, per multiple brokerage reports.
Is the Richmond industrial market tightening or softening?
Vacancy is around 5.2% (Q4 2025).

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