Industrial in Richmond, VA — Lease in Richmond, VA

  • Price: $2.1M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Richmond, VA 23220

Description

For Sale or Lease - 15K SF Cold Storage/Food Production Facility 1508 Brook Road is a specialized commercial property designed for cold storage and food production. It includes a testing kitchen, commercial hood, small office, staff break rooms, floor drains, and a 3-compartment sink. The property offers a mix of cold, freezer, and dry storage areas, with potential for additional cold storage (5,628 SF).

Market Context

This industrial in Richmond, VA is listed for lease at $2,100,000. It has been on the market for 195 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).

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