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Henrico, VA Insightsas of Oct 2026
Population size
340 K People
Population growth
0.5%
Age distribution
Under 5: 5.5%
Under 18: 21.3%
65+: 17.8%
18-64: 60.9% percent
Under 18: 21.3%
65+: 17.8%
18-64: 60.9% percent
Household size
2.42 People
Household composition
137
365 households
64.5% owner-occupied households
365 households
64.5% owner-occupied households
Education level
High school or higher: 93.3%
Bachelor's or higher: 46.5% percent
Bachelor's or higher: 46.5% percent
Median household income
88,783 USD/year
Employment rate
68.2 %
Job growth
1.5 %
Dominant industries
Health care and social assistance, Retail trade, Professional services
Cost of living index
98 index
Retail sales per capita
23,281 USD
Disposable income
51,931 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 4-6%, Dining: 5-7%, Electronics: 2-3% of total consumer spending percent
Existing retail mix
Diverse mix including malls, big-box stores, strip centers, and specialty shops
Number of competitors
9,754 establishments
Market saturation
Medium
Presence of anchor tenants
Yes, including Macy's, Nordstrom, Walmart in major centers
Foot traffic from nearby businesses
High
Rent costs
22 USD/sqm/month
Property values
359,200 USD
Zoning laws
Commercial and mixed-use zones permitted with county approval
Business permits
1,826 permits
Availability of retail space
Moderate availability in expanding areas
Proximity to major roads
Excellent access to I-64, I-95, I-295
Public transportation access
Moderate via GRTC buses
Parking availability
Ample in suburban retail areas
Pedestrian traffic
Medium in commercial districts
Vehicle traffic
High on interstates
Public transport accessibility
Limited, bus-focused
Commute times
22.6 minutes
Work patterns
Primarily commuter to Richmond offices
Shopping preferences
Convenience-oriented with mall and online mix
Brand affinity
Strong for national and premium brands
Consumer loyalty
Medium to high for local favorites
Entertainment and leisure trends
Dining, outdoor activities, family events
Crime statistics
Low, 20 per 1,000 residents rate
Shoplifting rates
1 percent
Public safety measures
Henrico County Police Department patrols
Tourist spending
200,000,000 USD/year
Tourist footfall
1,000,000 visitors/year
Major local events
Richmond Folk Festival, Dominion Energy Riverrock
Seasonal attractions
Fall foliage, holiday markets
E-commerce penetration
15 %
Click-and-collect adoption
25 %
Local preference for in-store shopping
High for groceries and apparel
Total retail space
500,000 sqm
Retail space per capita
1.5 sqm/person
Projected growth in retail space
2 %
Retail leakage rate
10 %
Sustainable retail demand
High
Major upcoming retail projects
Expansions at Short Pump Town Center
Grocery market share distribution - Top 3 retailers & market share
Kroger: 30%, Walmart: 25%, Publix: 20% percent
Consumer spending patterns
Balanced between essentials and discretionary
Grocery expenditure trends
Increasing 3% annually percent
Luxury retail performance
Strong in premium malls
Top mall shopping preferences
Short Pump Town Center preferred
Shopping trips to other cities - % of residents
20 percent
Key drivers for mall visits
Dining, entertainment, one-stop shopping
Preferred brand categories - Luxury fashion, Value fashion, etc.
Mix of value fashion 40%, mid-range 40%, luxury 20% percent
Number of existing malls
2 malls
Total retail footfall - annual visits across malls
10,000,000 sqm
Retail market gaps
Experiential and sustainable retail
Trade area population
500,000 people
Retail potential in catchment area
High
Projected retail growth rate
2.5 %
Preferred mall layouts
Open-air lifestyle centers
Public transport access
Available via GRTC buses
Walkability score
40 score/100
Road infrastructure & car access
Excellent highway network
Parking capacity in comparable malls
5,000 spaces
Surrounding land use & future developments
Mixed residential-commercial with ongoing expansions
Retail Destinations in Henrico, VA
Browse 1 retail destination in Henrico, VA, United States. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Henrico, VA at a Glance
- Total Properties1
- CountryUnited States
