Richmond, VA Retail Space for Lease

Search 123 retail listings in Richmond, VA and find helpful local stats in the Market Overview section below.

Southside Plaza

507 E. Southside Plaza, Belt Center, Richmond, VA
Property

Retail

374,597 SF
Availability

5 Spaces

62,383 SF
For Lease Contact for pricing
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321 West Grace Street

321 West Grace Street, Monroe Ward, Richmond, VA
Property

Retail

1,600 SF
Availability

1 Space

1,600 SF
Year Built

2024
For Lease Contact for pricing
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Glen Lea Centre

3800 Mechanicsville Turnpike, Austin Heights, Richmond, VA
Property

Retail

78,493 SF
Availability

2 Spaces

4,975 SF
Year Built

1965
For Lease

$16.00/SF/YR
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Retail Space Rents in Richmond, VA

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Richmond asks $18.85 per square foot.

Retail Space Lease Types in Richmond, VA

The most common type of lease agreement you’ll find here is NNN, with 31 space(s) available under this type of arrangement. The local market is also home to 4 retail space(s) offered under a Modified Gross lease agreement type, and 4 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Richmond, VA

NNN 31
Modified Gross 4
Full Service 4

Average Size of Retail Space for Lease in Richmond, VA

The average size for this type of rental opportunity in Richmond is 1,000 sqft to 2,500 sqft. Currently, the local market offers 105 listing(s) within that size range. You can also search 63 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Richmond, VA

Retail space in Richmond comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 6 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 2,668 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 2 space(s) listed as Street Retail. The average size you can expect to find for this category is 2,473 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Richmond, VA

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Belt Center is your top choice for lease opportunities, as it is currently home to the highest number of listings — 23 retail space(s).

Richmond’s second most popular area is Jefferson Gardens, where you can find 13 retail listing(s).

VCU is also among the best areas to search for your next commercial space. Here you can find 12 retail space(s) available for consideration by prospective tenants.

Top Locations to Lease Retail Space in Richmond, VA

Belt Center

Jefferson Gardens

VCU

Heritage Commons - Country Place

Carytown

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

Data based on retail spaces listed for rent on CommercialSearch.com

Recent Retail Market News

Publix Buys Richmond Shopping Center for $36M

The retailer is also the property’s anchor tenant.

CRC Enters Virginia With Richmond Retail Center Buy

This property traded for $7 million less than five years ago.

Big V Sells Virginia Shopping Center

A Colliers team brokered the transaction.

Richmond Retail Center Sells for $18M

The new owner plans to upgrade the asset.

GBT Realty Sells Richmond-Area Retail Asset

The buyer purchased more than 50 percent of the shopping center.

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Richmond, VA Retail Space for Lease

Southside Plaza

321 West Grace Street

Glen Lea Centre

Retail Space Rents in Richmond, VA

Retail Space Lease Types in Richmond, VA

Most Common Type of Lease for Retail Buildings in Richmond, VA

Average Size of Retail Space for Lease in Richmond, VA

Retail Space Types You Can Lease in Richmond, VA

Top Locations to Lease Retail Space in Richmond, VA

Top Locations to Lease Retail Space in Richmond, VA

Key Factors to Consider When Choosing a Retail Space for Lease

Other Popular Searches

Popular Commercial Searches

Recent Retail Market News

Publix Buys Richmond Shopping Center for $36M

CRC Enters Virginia With Richmond Retail Center Buy

Big V Sells Virginia Shopping Center

Richmond Retail Center Sells for $18M

GBT Realty Sells Richmond-Area Retail Asset

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