Commercial Real Estate Market in Richmond, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
121 active listings and 2,331 off-market properties in Richmond, CA. Commercial property asks $129/SF to buy and $13.46/SF/Yr to lease.
Market Trends
Richmond, CA spans 40.5 square miles in Contra Costa County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Richmond, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Richmond, CA asks $223/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Richmond, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Richmond, CA asks $387/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 32.6%
- Residential 25.7%
- Industrial 19.9%
- Mixed use 6%
- Agricultural 4%
- Civic 2.9%
- Commercial 0.8%
Largest Zones share of zoned land by district
Parks And Recreation
Single Family Low Density Residential
Industrial General
Open Space
Planned Area
Richmond, CA zones 18,396 acres across 28 districts. Commercial zoning covers 0.8% of zoned land, residential 25.7%, open space 32.6% and industrial 19.9%. The largest single district is Parks And Recreation at 22.3%. For commercial buyers the practical constraint is that only 20.8% of land carries a commercial or industrial designation.
Parks And Recreation (PR)
PR, Parks and Recreation RMC 15.04.205 Open Space Zoning Districts Land Use Regulations and Development Standards OS, Open Space RMC 15.04.206 OS-H, Hillside Open Space RMC 15.04.206 SC, Shoreline Conservation RMC 15.04.206 Agricultural Zoning Districts Land Use Regulations and Development Standards AG, Agricultural RMC 15.04.207 IA, Industrial Agricultural…
Market overview
Demographics & Economy
Richmond, CA has 184,598 residents in 65,145 households. Density runs 4,553 people per square mile. Median household income here is $89,734 and median gross rent $1,955 a month.
184,598
Population
65,145
Households
2.8
Avg Household Size
37
Median Age
29%
College-Educated
79%
High-School Grad
40.5 sq mi
ZIP Area
4,553
Density / Sq Mi
$89,734
Median Household Income
$46,315
Median Earnings
$1,955
Median Rent
$626,657
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| San Pablo | — | — |
| El Sobrante | — | — |
Commercial property in Richmond, CA asks $129/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richmond?
Commercial property in Richmond, CA asks an average of $129 per square foot. The 6 most recent recorded sales traded at a median of $246/SF. Multifamily carries the highest asking price at $387/SF.
How much does it cost to lease commercial space in Richmond?
Asking lease rates in Richmond, CA average $13.46 per square foot per year.
What zoning applies to commercial property in Richmond?
Richmond, CA zones 18,396 acres across 28 districts, of which 0.8% is commercial and 19.9% industrial. The largest single district is Parks And Recreation at 22.3% of zoned land. PR, Parks and Recreation RMC 15.04.205 Open Space Zoning Districts Land Use Regulations and Development Standards OS, Open Space RMC 15.04.206 OS-H, Hillside Open Space RMC 15.04.206 SC, Shoreline Conservation RMC 15.04.206 Agricultural Zoning Districts Land Use Regulations and Development Standards AG, Agricultural RMC 15.04.207 IA, Industrial Agricultural… Residential zoning covers 25.7% and open space 32.6%.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, CA figures from 8 recent recorded sales, 94 active sale listings, 27 active lease listings, 2,331 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 94 active for-sale and 27 active for-lease listings in Richmond, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 18,396 zoned acres across 28 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
