What Retail Space Rent & Type to Expect in Richmond, VA
In Richmond, the average cost per square foot of renting retail space comes up to $20.65, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Richmond is NNN, with 41 space(s) available for rent under such an agreement.
You can also find 3 option(s) available with Full Service lease agreements, and 1 Modified Gross listing(s).
Most Common Type of Lease for Retail Listings in Richmond, VA
- NNN
41
- Full Service
3
- Modified Gross
1
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Richmond, VA
There is a total of 1,694,132 square feet of retail space in Richmond.
This includes retail spaces ranging from 189 to 283,140 square feet.
Most retail spaces in Richmond are sized 1,000 sqft to 2,500 sqft, with 98 retail listing(s) falling in this category.
Richmond is also home to 78 listing(s) in the 2,500 sqft to 5,000 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
63
2,500 sqft to 5,000 sqft
78
1,000 sqft to 2,500 sqft
98
less than 1,000 sqft
18
Most retail spaces in Richmond fall within the Restaurant category, of which you can find 8 space(s) listed locally.
On average, this type of commercial space offers 3,719 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
Richmond also hosts 7 Street Retail space(s), which have an average square footage of 2,112 square feet.
A favorite of boutique shoppers worldwide, street retail properties offer businesses great access to urban and suburban customer bases. Generally being smaller in size, these retail spaces can be a great choice for some categories of retail businesses.
The third most popular type of retail space in the Richmond market is Strip Retail, of which you’ll see 5 listing(s).
Strip Retail spaces span 2,745 square feet on average.
Strip retail spaces target customers that intend to make a single stop for all their shopping needs. To that end, businesses that intend to rent a strip retail space can benefit greatly from filling a niche in a strip mall or complementing the other stores around them.
Richmond, VA Retail for Lease Listings by Retail Use Type
- Restaurant
8
- Street Retail
7
- Strip Retail
5
Data based on retail spaces listed for rent on PropertyShark.com.
Where You Are Most Likely to Find Retail Space in Richmond, VA
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Belt Center is Richmond's most popular neighborhood for retail, currently home to 25 listing(s).
Another popular area for retail space in Richmond is Jefferson Gardens, which currently offers 16 retail listing(s).
Dickensdale can also be counted among the best areas of Richmond for retail leasing opportunities. This Dickensdale submarket currently offers 12 retail listing(s).
Belt Center
25
Jefferson Gardens
16
Dickensdale
12
Southport
11
Shockoe Slip
9
2820-2828 West Broad Street, Scott's Addition, Richmond, VASpace Type