Richmond ranks as best suited location along east coast for middle office operations

The Greater Richmond Partnership recently commissioned Wadley Donovan Gutshaw Consulting Group, one of the nation’s top site location consultant companies, to complete an analysis on how Greater Richmond stacks up against peer competitors for the suitability of a ‘middle office’ operation. The data showed that the Richmond Region bested competitors including Charlotte, N.C.; Columbus, Ohio; Jacksonville, Fla.; and Nashville, Tenn.

The move follows recent news of several companies, such as CoStar, AvePoint, ICMA-RC, peeling off jobs and investment from higher priced, major metros along the east coast to lower cost, mid-size markets.

“We analyzed locational drivers of taking ‘middle office’ jobs – those which are not executive nor entry level positions – in specialties like mid-level management, legal, marketing and creative, financial and accounting, human resources and high-end sales and looked at markets that could be suitable,” said Dennis Donovan, Principal of WDGC.

“Based on our findings, the Richmond Region is a very favorable location for middle office which could save a Manhattan- or Washington, D.C.-based headquarters 15-20 percent annually.”

Read the full report here.