Insights
Practical guides to leasing, buying, and investing in Richmond-area commercial property — organized by location and product type.
Industrial · Chesterfield
The I-95 / Route 1 corridor is where most of Chesterfield’s modern warehouse and manufacturing space is being built. Here is how the submarket works, what it costs, and what to check before you sign or buy.
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Chesterfield’s five Technology Zones offer up to five years of BPOL relief and machinery and tools tax rebates, plus fee waivers. Here is how those stack with the county’s low machinery and tools tax, local grants, and state programs, and the order to apply in.
Where Chesterfield’s commercial land is concentrated, how the county’s new zoning ordinance and pending comprehensive plan update change the math, and the due-diligence items that make or break a tract.
Route 360 through Chesterfield is two retail markets: value-priced older centers on the closer-in stretch, and new construction following rooftops out toward Route 288, Harbour Pointe and Magnolia Green. Here is how they differ and what to check before you lease or buy.
Chesterfield’s road cash proffer is a per-home charge. Commercial-only rezonings don’t pay it, but they still pay for traffic, through road improvements, right-of-way, and conditions.
Meadowville is Chesterfield’s publicly owned, 1,262-acre industrial park on I-295. Most of it is now committed to LEGO, Amazon, data centers and others, so the question for a new user is what land is left and how the county sells it.
Chesterfield’s apartment investment story runs along four corridors: Midlothian and Route 288, the eastern Midlothian Turnpike redevelopments, Chester and Route 10, and Hull Street. Here is where the supply is, what recent deals traded for, and how the county’s new zoning and road proffer affect new units.
The $565 million Powhite Parkway extension will open western Chesterfield in stages between 2029 and 2034. Here is what is funded, where the access points are, and how to price land near them without overpaying for a road that is not built yet.
Chesterfield’s big I-95 warehouses are trading between institutional investors at roughly $100 to $231 per SF. Owner-users looking for a smaller building have to search along Route 1, Chester, and Walthall and check zoning, taxes, and Technology Zone status before making an offer.
Every commercial and industrial parcel in Chesterfield was moved into a new zoning district on January 1, 2026. Here is what carried over, what didn’t, and how to check your own parcel.