South Richmond Business Center — Lease in Richmond, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Richmond, VA 23237
  • Size: 604,500 SF

Description

South Richmond Business Center - Available for lease

Market Context

This industrial in Richmond, VA is listed for lease across 604,500 SF. It has been on the market for 209 days. Compare it against other industrial listings for lease in Richmond, 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).

Estimated Market Rate

$0.73/SF/mo – $0.98/SF/mo

Mid: $0.85/SF/mo

Estimated total for 604,500 SF: $513,825 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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