AT A GLANCE RICHMOND | Q3 2018

RETAIL

WITH A 4.5% RETAIL RENTAL NEARLY

OVERALL VACANCY RATE,

RATES INCREASED
327,000 SF
RETAIL VACANCIES REMAIN
AT HISTORICALLY
7.5% OF RETAIL SPACE ABSORBED
FROM THE PREVIOUS YEAR YEAR-TO-DATE IN 2018
LOW LEVELS
OFFICE

OVERALL OFFICE VACANCY

DECREASED 90 BASIS POINTS
COWORKING CONCEPTS NOW
ACCOUNT FOR MORE THAN 63,038 SF
OF OFFICE SPACE
(BPS) YEAR-OVER-YEAR TO
310,000 SF WAS ABSORBED IN Q3
6.6% OF INVENTORY WITH NOVEL AND HEALTHY DEMAND IS
PROVIDING UPWARD PRESSURE
AND VENTURE X OPENING IN
Q3 2018 ON RENTS
INDUSTRIAL

RICHMOND MARINE TERMINAL’S NEARLY

THE OVERALL INDUSTRIAL
VOLUME INCREASED
560,000 SF VACANCY RATE INCREASED
58% OF INDUSTRIAL SPACE
50 BPS YEAR-OVER-YEAR TO
FROM AUGUST 2017
TO AUGUST 2018
DELIVERED IN Q3 2018
4.2%