Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 151 listings of Norfolk commercial real estate to find the best space for your business.

2406 Colley Ave

2406 Colley Ave, Kensington - Old Dominion, Norfolk, VA
Property

Office

4,507 SF
Year Built

1928
For Sale

$975,000
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1447 Gabriel Drive

1447 Gabriel Drive, River Oaks, Norfolk, VA
Property

Industrial

12,155 SF
Year Built

1970
For Sale

$1,150,000
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2600 Eltham Ave for Lease

2600 Eltham Ave, Foxhall, Norfolk, VA
Property

Office
Availability

1 Space

10,294 SF
For Lease Contact for pricing
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4 Professional Office Space in Norfolk, VA 23502

5700, Norfolk International Airport, Norfolk, VA
Property

Office

16,000 SF
Availability

4 Spaces

16,209 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
Glenwood Shoppes

8401 Hampton Boulevard, Naval Station Norfolk, Norfolk, VA
Property

Retail

54,287 SF
Availability

1 Space
Year Built

1990
For Lease Contact for pricing
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Bromley Shopping Center

6200-6206 N Military Hwy, Bromley, Norfolk, VA
Property

Retail

64,350 SF
Availability

2 Spaces

4,199 SF
For Lease

$14.50/SF/YR
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K & K Square Shopping Center

7550 Granby Street, Suburban Acres, Norfolk, VA
Property

Retail

51,421 SF
Availability

1 Space
For Lease Contact for pricing
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3574 Argonne Avenue

3574 Argonne Avenue, Fairmount Park, Norfolk, VA
Property

Industrial

14,601 SF
Availability Contact for availability
Year Built

1970
For Lease Contact for pricing
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500 East Main Street
Gather
500 East Main Street, Norfolk, VA
Services

Open Workspace

Meeting Room
Amenities

Complimentary coffee & tea

Cookies

Flavor infused water

Free water

High-speed wifi

Mail services

Mother’s room

Podcast room

Privacy booths

Shower
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Wells Fargo & Billboard

1280 North Military Highway, Janaf, Norfolk, VA
Property

Retail

4,500 SF
For Sale

$2,813,633
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Office Building on E Little Creek For Sale

1208 E Little Creek Rd, South Bayview, Norfolk, VA
Property

Office

3,650 SF
Year Built

1989
For Sale

$700,000
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Flex/Industrial Building

1554 Juniper Street, Coleman Place, Norfolk, VA
Property

Industrial

11,648 SF
Availability

1 Space

11,648 SF
Year Built

1965
For Lease Contact for pricing
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6315 N Center Drive

6315 N Center Dr, Newtown South, Norfolk, VA
Property

Office

35,092 SF
For Sale Contact for pricing
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193,771 SF Warehouse Space Available

3321 E. Princess Anne Road, Norfolk Industrial Park, Norfolk, VA
Property

Industrial

294,657 SF
Availability

2 Spaces

193,771 SF
For Lease Contact for pricing
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Flex Warehouse with Fenced Stabilized Yard

744 E 25th St, Villa Heights, Norfolk, VA
Property

Retail

7,174 SF
Availability

1 Space

7,174 SF
Year Built

1954
For Lease

$12.00/SF/YR
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733 Boush Street

733 Boush St, Ghent Square, Norfolk, VA
Property

Office

14,336 SF
Availability

5 Spaces

492.22 SF
Year Built

2010
For Lease

$850.00 - $1,450.00/MO
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DINWIDDIE PLACE APARTMENTS

516-522 Dinwiddie St, Beacon Light - Berkley, Norfolk, VA
Property

Multi-Family

9,536 SF
Year Built

1912
For Sale

$975,000
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Ground Lease Opportunity

7483 Tidewater Dr, Cottage Road Park, Norfolk, VA
Property

VacantLand
Availability

1 Space

18,295 SF
Year Built

1970
For Lease

$100,000.00/YR
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Taylor Executive Center

7421 Central Business Park Dr, Partrea, Norfolk, VA
Property

Office
Availability

1 Space

5,203 SF
Year Built

2006
For Lease Contact for pricing
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Twin Oaks I & II

5700-5800 Lake Wright Dr, Norfolk International Airport, Norfolk, VA
Property

Office
Availability

1 Space

9,291 SF
For Lease Contact for pricing
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Three Freestanding Flex/Industrial Buildings

1150 & 1170 E Olney Rd, Central Brambleton, Norfolk, VA
Property

Industrial
Availability

1 Space

17,600 SF
For Lease Contact for pricing
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839 Poplar Hall Dr

839 Poplar Hall Dr, Military Circle, Norfolk, VA
Property

Office

8,620 SF
Year Built

1984
For Sale

$1,950,000
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HRSA-ILA Building

1355 International Terminal Boulevard, North Meadowbrook, Norfolk, VA
Property

Office

19,820 SF
Availability

1 Space

2,890 SF
For Lease

$22.00/SF/YR
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6315 N Center Drive

6315 N Center Dr, Newtown South, Norfolk, VA
Property

Office
Availability

1 Space

35,092 SF
For Lease Contact for pricing
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Wells Fargo Center Retail

420 Monticello Ave, Downtown Norfolk, Norfolk, VA
Property

Retail

50,000 SF
Availability

3 Spaces

9,935 SF
For Lease Contact for pricing
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The BB&T Building

500 East Main Street, Downtown Norfolk, Norfolk, VA
Property

Office

231,107 SF
Availability

17 Spaces

38,629 SF
Year Built

1972
For Lease Contact for pricing
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555 East Main Street

555 East Main Street, Downtown Norfolk, Norfolk, VA
Property

Office

207,668 SF
Availability

6 Spaces

36,752 SF
Year Built

1977
For Lease Contact for pricing
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Redevelopment Opportunity w/± 2.4 AC Stabilized Yard

2241 Barraud Ave, Lindenwood - Barraud Park - Cottage Heights, Norfolk, VA
Property

VacantLand
Year Built

1905
For Sale

$1,200,000
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Office/Retail In Downtown Norfolk

251 Granby Street, Downtown Norfolk, Norfolk, VA
Property

Office

11,000 SF
Year Built

1902
For Sale

$1,990,000
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Family Dollar - Rite Aid 4-Store Portfolio

28949 Northwestern Highway, Norview, Southfield, MI
Property

Retail

43,502 SF
Year Built

1998
For Sale

$7,577,000
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Colley Executive Offices @ Granby
Colley Executive Offices
900 Granby Street, Norfolk, VA
Services

Virtual Office

Private Office
Amenities

Business address

Complimentary coffee & tea

Elevator

Free water

High-speed internet

High-speed wifi

Office furniture

Parking

Printer

Receptionist/Secretarial services
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Dominion Tower
Regus
999 Waterside Drive #2525 & 2600, Norfolk, VA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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834 44th St

834 44th St, Highland Park, Norfolk, VA
Property

Mixed Use

17,270 SF
Availability

1 Space

1,800 SF
Year Built

1961
For Lease

$16.33/SF/YR
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8-Unit Multifamily Portfolio

2400 Ballentine Blvd, 3218 & 3224 Flanders Ave., Ballentine Place, Norfolk, VA
Property

Multi-Family

5,126 SF
Year Built

1940
For Sale

Subject to Offer
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Flex Showroom For Lease

2500 Church St, Villa Heights, Norfolk, VA
Property

Industrial

15,000 SF
Availability

1 Space

8,300 SF
Year Built

1906
For Lease

$13.50/SF/YR
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7635 Granby Street

7635 Granby Street, Wards Corner, Norfolk, VA
Property

Retail

61,450 SF
Availability

1 Space

4,995 SF
For Lease

$21.00/SF/YR
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835 Glenrock Road

835 Glenrock Road, Military Circle, Norfolk, VA
Property

Office

48,000 SF
Availability

2 Spaces

48,000 SF
Year Built

2007
For Lease

$18.75 - $22.75/SF/YR
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Broad Creek Shopping Center

1261 North Military Highway, Crown Point, Norfolk, VA
Property

Retail

382,526 SF
Availability

3 Spaces

5,210 SF
For Lease Contact for pricing
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Colley Executive Offices @ Colley
Colley Executive Offices
5215 Colley Avenue, Norfolk, VA
Services

Meeting Room

Private Office
Amenities

Bike storage

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Printer

Receptionist/Secretarial services

Window view
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Little Creek Marketplace

7740-7862 Tidewater Drive, Partrea, Norfolk, VA
Property

Retail

119,820 SF
Availability

1 Space

1,500 SF
For Lease Contact for pricing
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Flex/Industrial Building

1554 Juniper Street, Coleman Place, Norfolk, VA
Property

Industrial

11,648 SF
Year Built

1965
For Sale

Call for pricing guidance
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5301 E Princess Anne Road

5301 E Princess Anne Road, River Oaks, Norfolk, VA
Property

Office

27,488 SF
Availability

1 Space

27,488 SF
For Lease

$9.50/SF/YR
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Harbour House

337 W Bute St, Freemason, Norfolk, VA
Property

Multi-Family

12,000 SF
Year Built

1954
For Sale

$3,400,000
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Norfolk Industrial Park

3440 Trant Ave, Ingleside, Norfolk, VA
Property

Industrial
Availability

1 Space

60,000 SF
For Lease Contact for pricing
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Office/Retail In Downtown Norfolk

251 Granby Street, Downtown Norfolk, Norfolk, VA
Property

Office

11,000 SF
Availability

4 Spaces

9,996 SF
Year Built

1902
For Lease

$18.00/SF/YR
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839 Poplar Hall Dr

839 Poplar Hall Dr, Military Circle, Norfolk, VA
Property

Office

8,620 SF
Availability

1 Space

8,620 SF
Year Built

1984
For Lease

$18.00/SF/YR
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Waterfront Industrial Property

508 E Indian River Rd, Campostella, Norfolk, VA
Property

Industrial
Availability

1 Space

9 Acre
For Lease Contact for pricing
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Commercial Building

2610 Church Street, Villa Heights, Norfolk, VA
Property

Retail

7,600 SF
Availability

1 Space

7,600 SF
For Lease Contact for pricing
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Wells Fargo Center

440 Monticello Avenue, Downtown Norfolk, Norfolk, VA
Property

Office

255,000 SF
Availability

5 Spaces

68,919 SF
Year Built

2010
For Lease

$30.00/SF/YR
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8180 Shore Drive

8180 Shore Drive, East Ocean View, Norfolk, VA
Property

Retail

12,579 SF
Year Built

2020
For Sale

Subject To Offer
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3517 Argonne Ave | Office/Warehouse For Lease

3517 Argonne Ave, Fairmount Park, Norfolk, VA
Property

Industrial
Availability

1 Space

13,000 SF
For Lease Contact for pricing
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Railyard at Lambert's Point

Hampton Boulevard & 25th Street, Lamberts Point, Norfolk, VA
Property

Retail
Availability

1 Space

7,169 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 Norfolk commercial real estate market incorporates 2,172,214 square feet of office space across 54 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. In Norfolk, the coworking segment of the commercial real estate market incorporates about 1,332 square feet.
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 Norfolk commercial real estate market includes 2,293,471 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. Across the Norfolk market, there is a total of 1,357,654 square feet of industrial property.

The listing inventory in Norfolk 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 Norfolk is represented by Industrial space, which accounts for 1,156,796 square feet of available listings. Retail space available in Norfolk adds up to 1,122,400 square feet.

Meanwhile, most of the listings of commercial property for sale in Norfolk 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 Norfolk is $20.36 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 Norfolk 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. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $27.21 per square foot, industrial space in Norfolk saw average rents of $10.19 per square foot.

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 Norfolk, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Norfolk is in the Downtown Norfolk neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Norfolk area.

Meanwhile, retail space opportunities are most abundant in the Downtown Norfolk submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Norfolk Industrial Park.

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 $46.44 per square foot. In particular, the property type commanding the highest lease rates in Norfolk was Office space.

Conversely, the highest sale price last year was $5,350,000 that is located at 500 East Plume Street.

The average size of a commercial property in Norfolk 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 Norfolk, the average size of an office property is 77,580 square feet.
Retail properties here incorporate an average of 71,671 square feet.
Industrial space in Norfolk is in buildings that are, on average 59,029 square feet in size.

Norfolk, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Norfolk currently add up to 4,980,197 square feet. The market offers 47 active office listing(s), which amount to 835,059 square feet and account for 40% of commercial spaces on the market. Local retail availability includes 831,708 square feet across 39 retail space(s). Industrial space for rent opportunities in Norfolk amount to 1,179,611 square feet across a total of 22 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	47	835,059
Retail	39	831,708
Industrial	22	1,179,611
Other	7	2,133,819

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 Norfolk, VA. Currently, there is 382,078 square feet of commercial property for sale here , which includes 11 office building(s) for sale , 6 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	11	177,032
Retail	6	123,949
Industrial	3	54,428
Other	9	26,669

Norfolk, VA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Norfolk, VA?

What factors affect the price of commercial real estate in Norfolk, VA?

What is the average rent for commercial space in Norfolk, VA?

What are the best areas for commercial real estate in Norfolk, VA?

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 Norfolk, VA?

Norfolk, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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