Commercial Real Estate Market in Richwood, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
629 active listings and 4,721 off-market properties in Richwood, LA. Commercial property asks $181/SF to buy and $21.81/SF/Yr to lease.
Market Trends
Richwood, LA spans 115.4 square miles in Ouachita County, Louisiana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Richwood, LA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Richwood, LA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Richwood, LA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Richwood, LA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Richwood, LA has 27,535 residents in 11,119 households. Density runs 239 people per square mile. Median household income here is $26,883 and median gross rent $827 a month.
27,535
Population
11,119
Households
2.5
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
115.4 sq mi
ZIP Area
239
Density / Sq Mi
$26,883
Median Household Income
$21,895
Median Earnings
$827
Median Rent
$77,400
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.81/SF/Yr lease vs $181/SF buy → buying wins if held > 1 years.
At a 12.1% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
Commercial property in Richwood, LA asks $181/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richwood?
Commercial property in Richwood, LA asks an average of $181 per square foot.
How much does it cost to lease commercial space in Richwood?
Asking lease rates in Richwood, LA average $21.81 per square foot per year.
Is it cheaper to lease or buy commercial space in Richwood?
Buying beats leasing in Richwood, LA if the property is held longer than 1.0 years, comparing $21.81/SF/Yr asking rent with $181/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Richwood market data come from?
Realmo compiles Richwood, LA figures from 2 recent recorded sales, 496 active sale listings, 133 active lease listings, 4,721 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 496 active for-sale and 133 active for-lease listings in Richwood, LA. 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.
- 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
