Richmond, Virginia, is a prime location for businesses looking to establish a strong presence in the region. With a population of over 226,000 residents and a metropolitan area of over 1.3 million people, Richmond offers a diverse and thriving market for Retail Space For Lease. The city's economy is driven by law, finance, and government sectors, with a downtown area housing various governmental agencies, legal firms, and Fortune 500 companies like Dominion Energy, CarMax, and Capital One. Richmond's infrastructure is well-equipped to support businesses, with the Richmond International Airport, Greater Richmond Transit Company (GRTC) for public transportation, and interstate highways I-64 and I-95. Additionally, the city is home to several institutions of higher education, including Virginia Commonwealth University, University of Richmond, and Virginia Union University, providing a skilled and educated workforce.
Retail Space For Lease in Richmond, Virginia, offers a unique opportunity for businesses to tap into the city's vibrant economy. With 97 listings available, there are plenty of options to choose from. The average annual rent per square foot is $21 USD, with a range of options from $8 USD to $36 USD. The average size of Retail Space For Lease is 5,525 square feet, with options ranging from 166 to 78,000 square feet. In addition to Retail Space, Richmond also offers a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and opportunities. Restaurants in Richmond benefit from the city's thriving food scene, with a range of cuisines and dining options. Medical Offices in Richmond are well-positioned to serve the city's growing healthcare industry, with several major hospitals and medical centers. Office Space in Richmond offers a range of options for businesses, from small startups to large corporations, with access to the city's skilled workforce and infrastructure. Overall, Richmond, Virginia, is a great place to do business, with a range of opportunities and resources available to support businesses of all types.
What is the average cost per square foot for retail space in Richmond?
The average cost per square foot for retail space in Richmond is $21 USD per square foot, with available listings totaling 97 and average space sizes ranging from 5,525 square feet to 78,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or grocery stores, can significantly impact surrounding retail space leases in Richmond, Virginia, as they attract a high volume of foot traffic and create a draw for other businesses, leading to increased demand and potentially higher lease rates for nearby retail spaces, with currently 97 available listings, averaging $21 USD per square foot, and ranging in size from 5,525 square feet to 78,000 square feet.
