Richmond Retail Figures Q4 2025

Retail leasing activity in Richmond remained consistent during the fourth quarter with 146 leases totaling 524,395 sq. ft. signed across the market. Overall vacancy for the market increased by 30 basis points (bps) to 4.8% and availability sits at 4.4%. The largest transaction of the quarter was Nova Trampoline Park’s 45,000 sq. ft. lease at 8533 Midlothian Turnpike in the Midlothian Crossing shopping center. The indoor trampoline and adventure park will occupy a previous Big Lots! storefront. The experiential retail sector has gained popularity following the pandemic and presents itself as an alternative tenant type for vacant anchor spaces that would have traditionally been reserved for a grocery or department store.