Richmond Retail Space for Rent
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Renting Retail Space in Richmond
Retail and storefront spaces in Richmond play a vital role in the city’s economic framework, serving both local consumers and the significant commuter population. Lease terms for retail spaces show a balanced distribution, with 3-5 year leases being particularly common (18.65%). Shorter leases (1-2 years) account for 20.24%, highlighting a strategic approach by retailers to secure prime locations while maintaining some flexibility. Key retail corridors include Carytown, Shockoe Slip, and the suburban retail clusters around Short Pump, where businesses benefit from high visibility and consumer traffic. Key retail corridors include Carytown, Shockoe Slip, and the suburban retail clusters around Short Pump, where businesses benefit from high visibility and consumer traffic. As retail continues to adapt to evolving consumer preferences, long-term commitments in prime areas are expected to remain attractive.
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Suite Rates in Richmond
Suite Sizes in Richmond
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
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*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.