Meaning of the word "retail space" in English

What does "retail space" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

retail space

US /ˈriː.teɪl speɪs/
UK /ˈriː.teɪl speɪs/

Noun

an area or building used for selling goods to the public

Example:
The new shopping mall offers a variety of retail space for businesses.
Finding affordable retail space in the city center is a challenge.