Richfield, MN Commercial Real Estate for Lease - 12 Listings

City Bella

6600 Lyndale Avenue South, Richfield, MN
Property

Office

260,895 SF
Availability

2 Spaces

3,692 SF
Year Built

2004
For Lease

$11.00 - $13.00/SF/YR
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Two Meridian Crossings

2 Meridian Crossing, Richfield, MN
Property

Office

189,258 SF
Availability

7 Spaces

150,150 SF
Year Built

1998
For Lease

$17.00/SF/YR
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6636 Cedar Avenue South

6636 Cedar Avenue South, Richfield, MN
Property

Office

84,070 SF
Availability

2 Spaces

7,034 SF
Year Built

1988
For Lease

$12.00/SF/YR
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Southdale Square

2900 West 66th Street, Richfield, MN
Property

Retail

94,453 SF
Availability

1 Space

1,249 SF
Year Built

1961
For Lease Contact for pricing
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Southdale Square

2900-2940 West 66th Street, Richfield, Edina, MN
Property

Retail
Availability

1 Space

13,967 SF
Year Built

1961
For Lease Contact for pricing
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Richfield Shoppes

6501-6535 Nicollet Ave. S., Richfield, MN
Property

Retail

84,215 SF
Availability

7 Spaces

13,179 SF
For Lease Contact for pricing
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One Meridian Crossings

1 Meridian Crossing, Richfield, MN
Property

Office

194,624 SF
Availability

7 Spaces

158,600 SF
Year Built

1998
For Lease Contact for pricing
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Woodlake Center

6601 Lyndale Avenue South, Richfield, MN
Property

Office

190,000 SF
Availability

5 Spaces

26,344 SF
Year Built

1955
For Lease

$18.00 - $21.00/SF/YR
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Lyndale Station

6501 Lyndale Avenue South, Richfield, MN
Property

Retail

72,000 SF
Availability

1 Space

1,133 SF
Year Built

2012
For Lease Contact for pricing
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Richfield Strip Center

1208 East 66th St. Richfield, Richfield, MN
Property

Retail

3,180 SF
Availability

1 Space

3,180 SF
For Lease

$12.00/SF/YR
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6445 Lyndale Avenue South

6445 Lyndale Avenue South, Richfield, MN
Property

Retail

133,141 SF
Availability

1 Space

7,200 SF
Year Built

2022
For Lease Contact for pricing
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7132 Portland Avenue South

7132 Portland Avenue South, Richfield, MN
Property

Office

27,000 SF
Availability

1 Space

27,000 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Richfield commercial real estate market incorporates 951,767 square feet of office space across 7 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Richfield commercial real estate market includes 386,989 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Richfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Richfield is represented by Office space, which accounts for 372,820 square feet of available listings. Retail space available in Richfield adds up to 39,908 square feet.

Meanwhile, most of the listings of commercial property for sale in Richfield are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Richfield is $19.17 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Richfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Richfield, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot. In particular, the property type commanding the highest lease rates in Richfield was Office space.

The average size of a commercial property in Richfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Richfield, the average size of an office property is 135,967 square feet.
Retail properties here incorporate an average of 77,398 square feet.

Richfield, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Richfield currently add up to 411,479 square feet. The market offers 6 active office listing(s), which amount to 372,820 square feet and account for 54% of commercial spaces on the market. Local retail availability includes 38,659 square feet across 5 retail space(s).

Property Type	Count of Listings	Total SF
Office	6	372,820
Retail	5	38,659

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Richfield, MN. Currently, there is 6,024 square feet of commercial property for sale here , which includes 1 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	1	5,920
Other	2	104

Richfield, MN Commercial Real Estate for Lease - 12 Listings

City Bella

Two Meridian Crossings

6636 Cedar Avenue South

Southdale Square

Southdale Square

Richfield Shoppes

One Meridian Crossings

Woodlake Center

Lyndale Station

Richfield Strip Center

6445 Lyndale Avenue South

7132 Portland Avenue South

Frequently Asked Questions

Richfield, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Richfield, MN Commercial Real Estate for Lease - 12 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Richfield, MN?

What factors affect the price of commercial real estate in Richfield, MN?

What is the average rent for commercial space in Richfield, MN?

What are the best areas for commercial real estate in Richfield, MN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Richfield, MN?

Richfield, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

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Popular Office Searches

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About us