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Richmond market
High-exposure storefront, pad and strip-mall space

Richmond Retail Space for Lease

A market snapshot of Richmond’s retail sector — representative vacancy, lease-rate ranges, the key areas to focus your search, and a live listing map you can launch below.

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Market snapshot

Richmond retail at a glance.

Representative ranges for orientation only — not verified current data. Your Urban Team Inc. broker confirms live asking rates.

Current vacancy
~3.5%
representative overall retail vacancy
Lease rate
$30 – $55 / sq ft
NNN, representative range
Absorption
Positive
dense residential base driving demand

Why Richmond

Why Richmond works for retail.

From the core corridors to the emerging edges, here’s where Richmond’s retail market concentrates.

  • 1CF Richmond Centre and the No. 3 Road corridor form Richmond’s primary retail draw.
  • 2A dense, growing residential base supports strong service and food retail demand.
  • 3Steveston offers a distinct heritage-village retail experience.

Key areas — where Richmond’s retail market concentrates

  • Richmond Centre / No. 3 Road

    Primary regional retail corridor on the Canada Line.

  • Steveston

    Heritage fishing village with destination retail and dining.

  • Ironwood

    Neighbourhood and strip retail in south Richmond.

Live listings

Richmond Retail listings for lease.

Browse live Richmond retail commercial-for-lease listings below.

Other Richmond asset classes

Explore the rest of the Richmond market.