Market Insights
Market Insights
TOP 10 Neighborhood Retail Centers

Neighborhood centers have shown remarkable resilience in the evolving retail landscape, serving as convenient and accessible hubs for local communities. These centers continue to thrive by offering a mix of essential services, dining options, and retailers that meet the daily needs of nearby residents. Using foot traffic data from Placer.ai from 2024, we have ranked the top 10 neighborhood centers in the Richmond market. Placer.ai uses anonymous mobile location data to track traffic patterns and consumer behavior, offering insights into the performance of retail centers nationwide. This data reflects the ability of these centers to adapt to changing consumer patterns, especially in light of the recent shifts towards online shopping and hybrid work models. By focusing on convenience, accessibility, and a curated selection of retailers, neighborhood centers remain relevant and continue attracting foot traffic.