REAL ESTATE
Fintech firm Koalafi's office space located in the Manchester neighborhood
REAL VISION. REAL INVESTMENT. REAL OPTIONS.
If you are looking for real estate for a new, expanding, or relocating business, you will find it here in Richmond, Virginia. We offer unique spaces that companies want today, enhanced by the transformational efforts that will make our city even better tomorrow.
Why Richmond
REAL ESTATE DIVERSITY
Looking for trophy office space with views of the river? We have them. A downtown wet lab to investigate the next life-saving science? We offer those, too. Adaptive reuse that converts centuries-old buildings into modern-day facilities? Richmond satisfies.
Richmond Economic Development can help you search for space and learn more about what Richmond real estate is available.
PROGRESSIVE VISION
Over the past few years, the City of Richmond approved ambitious and foundational strategic plans to advance equitable economic development throughout the City. Our award-winning city-wide master plan, Richmond 300: Guide for Growth, aims to prioritize equitable and sustainable growth in appropriate areas, while maintaining existing neighborhoods. To implement this vision, the City approved a number of small area plans and associated rezonings, including the City Center Innovation District Small Area Plan, Shockoe Small Area Plan, and the Greater Scott’s Addition Small Area Plan.
SPECIALIZED SPACES FOR ENTREPRENEURS
Richmond's entrepreneurial ecosystem offers spaces that cater to new and growing companies' unique needs. 1717 Innovation Center, a collaborative workspace backed by Capital One Impact Initiative, is home to high-growth business incubator Startup Virginia and Lighthouse Labs, an equity-free, early-stage startup accelerator. Hatch Kitchen provides shared commercial kitchen space, private food production suites, co-warehousing, and mentorship for new and growing specialty food and beverage creators. Burgeoning life sciences companies can tap into Richmond's thriving biotech hub at Activation Capital's Bio+Tech Center, an incubator within the BioTech Park with 10 wet labs and a shared space for emerging companies.
AVAILABLE CITY PROPERTY
To encourage redevelopment of underutilized properties, the City of Richmond identified priority properties available for private purchase. Learn more about available city-owned properties.
TRANSFORMATIONAL REDEVELOPMENT
Skyline-changing projects that will shape Richmond's future
On May 8, 2024, the development agreement between the City of Richmond and its development partner, Diamond District Partners LLC, was unanimously approved by City Council, marking a significant milestone in Richmond’s Diamond District. Located at the crossroads of I-64/I-95 and North Arthur Ashe Boulevard, the new home to the Flying Squirrels will be a multipurpose stadium integrated into a connected, green, and equitable mixed-use development. It will include mixed-income housing, commercial office space, retail space, restaurants, and hotels along a revised street grid, incorporating engaging architecture and a walkable urban experience with access to adjacent and redeveloping neighborhoods. A signature park between Arthur Ashe Boulevard and Hermitage Road will serve as a central gathering place with greenways leading to smaller public parks and other attractions.
In November 2022, the EDA, in collaboration with the Greater Richmond Convention Center, issued a request for interest to solicit creative development responses from financially capable and experienced development teams interested in purchasing and redeveloping approximately 9.4 acres of under-utilized, EDA-owned property in Richmond’s City Center Innovation District. The vision for City Center is to redevelop the area to become a mixed-use, mixed-income urban innovation district to accelerate our fast-growing pharmaceutical manufacturing research and development cluster. It will also include a new headquarter hotel supporting the Greater Richmond Convention Center.
REDEVELOPMENT OPPORTUNITIES
Small Developments, Lasting Change in Richmond
Intermediate Terminal Building
In July 2025, the EDA issued a Request for Proposals (RFP) to solicit creative redevelopment proposals for the purchase and adaptive reuse of the historic Intermediate Terminal Building, located at 3101 E. Main Street along the James River. Constructed in 1938 as part of a Works Progress Administration project, the 32,000 sq. ft., two-story concrete structure was among the first in Richmond built on reinforced piers to withstand flooding from the river. Once a hub for importing raw sugar, oil, newsprint, and other goods, the building stands as a reminder of Richmond’s role as a major trade center. The 1.52-acre site is adjacent to the growing Rocketts Landing neighborhood, offering scenic waterfront views, direct access to the Virginia Capital Trail, and proximity to Downtown. This is a unique opportunity to transform a legacy asset into a vibrant riverfront destination.
670
COMMERCIAL PERMITS APPROVED
2022
Source:
City of Richmond, Virginia (FY 2022)
74M
SQ. FT. OF EXISTING COMMERCIAL SPACE
2023
Source:
CoStar
$2.6B
CAPITAL INVESTMENT, ANNOUNCED PROJECTS
2022
Source:
City of Richmond, Virginia (FY 2023)
Interested in learning more about real estate in Richmond, Virginia? Reach out to Richmond Economic Development.
Interested in learning more about real estate in Richmond, Virginia? Reach out to Richmond Economic Development.
