San Luis Obispo, CA Shopping centers for Rent & Lease

Updated: Nov 28, 2025

Retail Space in San Luis Obispo

11982 Los Osos Valley Rd, San Luis Obispo, CA 93405

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1,008 sqft

High‑traffic location in a major San Luis Obispo shopping center.
Superior exposure and accessibility off Highway 101 (Los Osos Valley Road).
High Average Annual Daily Traffic (AADT) of 27,626.
Upcoming developments via Froom Ranch Way will further enhance exposure.
Vanilla shell condition with ADA restroom.

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Updated: Nov 24, 2025

San Luis Obispo Retail Center

12300-12334 Los Osos Valley Rd, San Luis Obispo, CA

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24,496 sqft 2.40 AC lot

100% Occupancy: Enjoy immediate income with this fully leased property.
Prime Location: Situated on Los Osos Valley Road, a high‑traffic commercial corridor in San Luis Obispo.
Strong Freeway Access: Offers convenient access to major transportation routes.
High Visibility: Benefits from excellent visibility with a high average daily traffic count (+26,171 AADT).
Proximity to National Retailers: Located near Target, Costco, Home Depot, and Whole Foods, attracting consistent customer traffic.

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Prime Retail Space in San Luis Obispo

787 E Foothill Blvd, San Luis Obispo, CA

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18,036 sqft 4.98 AC lot

Anchored retail location with strong sales history and recent renovations.

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Retail Space in Madonna Plaza

285 Madonna Rd, San Luis Obispo, CA

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1,485 sqft 21.52 AC lot

Retail space available in a high-traffic San Luis Obispo power center.

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Retail Space in Renovated Center

765 Foothill Blvd, San Luis Obispo, CA 93401

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4.99 AC lot

Prime retail space in renovated San Luis Obispo shopping center.

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Retail Space Near Downtown

1251 Johnson Avenue, San Luis Obispo, CA 93401

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Retail space with high visibility and ample parking.

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Retail Space in Higuera Plaza

3991 S Higuera St, San Luis Obispo, CA

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4,500 sqft 0.43 AC lot

Retail space available in a busy San Luis Obispo plaza.

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Retail Space in San Luis Obispo

3840 Broad St, San Luis Obispo, CA

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2,124 sqft 14.49 AC lot

Grocery-anchored retail space available for lease in San Luis Obispo.

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Retail Space in Regional Center

487 Madonna Rd, San Luis Obispo, CA

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7,143 sqft 0.43 AC lot

Retail space available in high-traffic shopping center on Madonna Road.

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Anchor Retail Space in Shopping Center

487 Madonna Rd, San Luis Obispo, CA 93405

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1,876 sqft

Rare anchor position within a regional shopping center featuring Sprouts and REI, with Hobby Lobby coming soon.

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in San Luis Obispo, CA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities

Shopping centers for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Grocery-Anchored Retail Center Space

2100 El Camino Real, Atascadero, CA 93422

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30,000 sqft

Retail and medical office spaces available at a Grocery Outlet-anchored center on Highway 101 in Atascadero.

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Retail Space in Arroyo Grande

921 Rancho Pkwy, Arroyo Grande, CA

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7,225 sqft 5.47 AC lot

Retail space available in a high-traffic shopping center.

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Retail Space in New Development

1877 El Camino Real, Atascadero, CA

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8,864 sqft 8.83 AC lot

Retail, office, and flex spaces available in Atascadero, CA.

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Dominant Power Center For Lease

1168 W Branch St, Arroyo Grande, CA 93420

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Southern San Luis Obispo County's dominant power center with national tenants.

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San Luis Obispo, CA Shopping centers Lease Rates & Market Statistics

Browse 10 Shopping centers for lease in San Luis Obispo, CA on Realmo, a commercial real estate marketplace serving the San Luis Obispo area. The current inventory totals 60,668 square feet of properties — an average of ~6,050 SF per listing.

San Luis Obispo accounts for 45% of the 22 shopping centers currently available across San Luis Obispo County, where nearby markets include Paso Robles and Arroyo Grande. Shopping centers make up 29% of the 34 Retail properties & Spaces currently for lease in San Luis Obispo. Tenants comparing options may also consider Storefront properties (13 listings) and Drug stores (4 listings) elsewhere in the San Luis Obispo market.