Portsmouth, VA Commercial Real Estate for Lease and Sale

Explore 50 listings of Portsmouth commercial real estate to find the best space for your business.

Industrial Facility For Sale or Lease

500 Confederate Ave, Mt. Hermon Village, Portsmouth, VA
Property

Industrial
Availability

1 Space

69,000 SF
For Lease Contact for pricing
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500 Crawford Street

500 Crawford Street, Downtown Portsmouth, Portsmouth, VA
Property

Office

35,327 SF
Availability

1 Space

3,441 SF
Year Built

1986
For Lease

$17.50/SF/YR
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Airline Business Park Building 3 Condo Units 3A,B,C,D,E

3303 Airline Boulevard, Manor View, Portsmouth, VA
Property

Industrial

17,000 SF
Year Built

2002
For Sale

$1,699,000
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Building #3, Unit 3B Office Space on 2nd Floor

3303 Airline Blvd, Manor View, Portsmouth, VA
Property

Industrial

17,500 SF
Availability

1 Space

1,800 SF
Year Built

2001
For Lease

$12.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Airline Market Place

3537-3539 Airline Blvd, Manor View, Portsmouth, VA
Property

Retail

49,178 SF
Availability

5 Spaces

188,910 SF
For Lease Contact for pricing
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355 Crawford Street

355 Crawford Street, Olde Towne Portsmouth, Portsmouth, VA
Property

Office

77,324 SF
Availability

10 Spaces

29,081 SF
For Lease Contact for pricing
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2012 High Street

2012 High Street, Uptown Portsmouth, Portsmouth, VA
Property

Retail

7,323 SF
Year Built

1945
For Sale Contact Broker
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Proposed Flex Development

1050 University Blvd, Churchland West, Portsmouth, VA
Property

Industrial
Availability

1 Space

24,000 SF
For Lease Contact for pricing
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Development Opportunity in Portsmouth

3101 Detroit St, Port Norfolk, Portsmouth, VA
Property

VacantLand
For Sale

$300,000
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Industrial Facility For Sale or Lease

500 Confederate Ave, Mt. Hermon Village, Portsmouth, VA
Property

Industrial

69,000 SF
For Sale

$3,060,000
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3820 King Street - 3810 Louisa Avenue

3820 King Street, Westhaven, Portsmouth, VA
Property

Other

3.18 Acre
For Sale Contact for pricing
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3120 High Street

3120 High Street, Westhaven Park, Portsmouth, VA
Property

Office

46,260 SF
Availability

1 Space

4,400 SF
Year Built

1955
For Lease

$10.50/SF/YR
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The IncuHub - Portsmouth
The IncuHub
100 7th Street Suite 104, Portsmouth, VA
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Mail services

Parking

Printer

Window view
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1511 Rodman Ave

1511 Rodman Ave, Westhaven Park, Portsmouth, VA
Property

Retail

8,506 SF
Year Built

1987
For Sale

$975,000
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1,200± SF Second Floor Office Suite

728 - 730 High Street, Downtown Portsmouth, Portsmouth, VA
Property

Office

5,796 SF
Availability

1 Space

1,200 SF
Year Built

1935
For Lease

$14.00/SF/YR
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Industrial Space with Yard Area

3600 Elm Ave, Norfolk Naval Shipyard, Portsmouth, VA
Property

Industrial
Availability

1 Space

16,018 SF
For Lease Contact for pricing
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Flex Space With Yard

1823 County Street, Uptown Portsmouth, Portsmouth, VA
Property

Industrial

9,356 SF
Availability

5 Spaces

33,706 SF
Year Built

1948
For Lease Contact for pricing
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1505 Airline Blvd

1505 Airline Blvd, Westhaven Park, Portsmouth, VA
Property

Retail

3,317 SF
Year Built

1941
For Sale

$800,000
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2486 Airline Blvd

2486 Airline Blvd, Oregon Acres, Portsmouth, VA
Property

Retail

1,591 SF
Year Built

1942
For Sale

$290,000
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739 High Street
Bloom Coworking
739 High Street, Portsmouth, VA
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

24/7 security

Catering

Cleaning services

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Lounge area

Mail services

Parking
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1460 Columbus Avenue

1460 Columbus Avenue, North Truxtun, Portsmouth, VA
Property

VacantLand

5.3 Acre
Availability

1 Space

5.3 Acre
For Lease Contact for pricing
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900 Broad Street

900 Broad Street, Port Norfolk, Portsmouth, VA
Property

Industrial

59,633 SF
Availability

1 Space

15,436 SF
Year Built

1959
For Lease

$8.00/SF/YR
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2100 Portsmouth Blvd

2100 Portsmouth Blvd, Brighton, Portsmouth, VA
Property

VacantLand

1.5 Acre
Availability

1 Space

1.15 Acre
Year Built

1947
For Lease

$4,950.00/MO
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457 Court Street

457 Court St, Downtown Portsmouth, Portsmouth, VA
Property

Office

6,480 SF
For Sale

$525,000
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714 High St

714 High St, Downtown Portsmouth, Portsmouth, VA
Property

Office

3,954 SF
Year Built

1911
For Sale

$400,000
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Academy Crossing

3200 Academy Avenue, Pride Homes - Cedar Creek Apartments, Portsmouth, VA
Property

Retail

45,800 SF
Availability

1 Space

3,000 SF
For Lease

$14.00/SF/YR
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±3 Acre Yard Area for Lease

3015 Airline Blvd, Hattonsville, Portsmouth, VA
Property

Industrial
Availability

1 Space

3 Acre
For Lease Contact for pricing
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Triangle Shopping Center

1907 Victory Blvd Victory Blvd, Cradock Gardens, Portsmouth, VA
Property

Retail

84,437 SF
Availability

4 Spaces

19,378 SF
Year Built

1979
For Lease Contact for pricing
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309 County Street

309 County St, Downtown Portsmouth, Portsmouth, VA
Property

Office

8,630 SF
For Sale

$1,475,000
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400 Cumberland Ave

400 Cumberland Ave, Westhaven Park, Portsmouth, VA
Property

Industrial

6,800 SF
Year Built

1970
For Sale

$600,000
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Elmhurst Square

5600 Portsmouth Blvd, Simonsdale, Portsmouth, VA
Property

Retail
Availability

1 Space

66,254 SF
For Lease Contact for pricing
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Coast Guard Boulevard

coast guard boulevard, Cedarfield of Churchland, Portsmouth, VA
Property

VacantLand

32.86 Acre
Availability

1 Space

32.86 Acre
For Lease Contact for pricing
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301 Goode Way

301 Goode Way, Uptown Portsmouth, Portsmouth, VA
Property

Office

15,000 SF
For Sale

$645,500
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1121 Airline Blvd

1121 Airline Blvd, Westhaven Park, Portsmouth, VA
Property

Retail

3,000 SF
Year Built

1968
For Sale

$650,000
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710 & 710 1/2 High Street

710 High St, Downtown Portsmouth, Portsmouth, VA
Property

Retail

1,700 SF
Year Built

1942
For Sale

$210,000
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3340 W Norfolk Rd

3340 W Norfolk Rd, West Norfolk, Portsmouth, VA
Property

VacantLand

56.32 Acre
Availability

1 Space

56.9 Acre
For Lease Contact for pricing
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1328 douglas ave

1328 douglas ave, Mt. Hermon, Portsmouth, VA
Property

Office

2,189 SF
Availability

1 Space

2,189 SF
For Lease

$2,920.00/MO
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309 High St

309 High St, Downtown Portsmouth, Portsmouth, VA
Property

Retail

11,200 SF
Year Built

1900
For Sale

$799,000
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3516 Queen St

3516 Queen St, Westhaven Park, Portsmouth, VA
Property

Office

5,038 SF
Year Built

1965
For Sale

$749,999
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706 Airline Blvd

706 Airline Blvd, Westhaven Park, Portsmouth, VA
Property

Retail
Availability

1 Space

4,095 SF
For Lease Contact for pricing
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3509 Towne Point Road

3509 Towne Point Road, Churchland Forest Apartments, Portsmouth, VA
Property

VacantLand

1.07 Acre
For Sale Contact for pricing
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3509 Towne Point Road

3509 Towne Point Road, Churchland Forest Apartments, Portsmouth, VA
Property

VacantLand

1.07 Acre
Availability

1 Space

1 Acre
For Lease Contact for pricing
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2570 Airline Blvd

2570 Airline Blvd, Rollingwood, Portsmouth, VA
Property

Retail

20,401 SF
Availability

1 Space

12,515 SF
Year Built

1989
For Lease

$4.72/SF/MO
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3971 & 3975 Elm Avenue

3971 & 3975 Elm Avenue, Norfolk Naval Shipyard, Portsmouth, VA
Property

VacantLand

11.14 Acre
For Sale

$5,200,000
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3971 & 3975 Elm Avenue

3971 & 3975 Elm Avenue, Norfolk Naval Shipyard, Portsmouth, VA
Property

VacantLand

11.14 Acre
Availability

2 Spaces

11.14 Acre
For Lease

$5,000.00/MO
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Shoppes at Towne Point

3525 Towne Point Rd, Craney Island Reservation, Portsmouth, VA
Property

Retail
Availability

1 Space

2,316 SF
Year Built

2018
For Lease Contact for pricing
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309 County Street

309 County St, Downtown Portsmouth, Portsmouth, VA
Property

Office
Availability

1 Space

8,630 SF
For Lease Contact for pricing
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Triangle Shopping Center

5021 George Washington Hwy Portamouth, Cradock Gardens, Portsmouth, VA
Property

Retail

16,000 SF
Availability

1 Space

16,000 SF
For Lease Contact for pricing
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457 Court Street

457 Court St, Downtown Portsmouth, Portsmouth, VA
Property

Office
Availability

1 Space

6,480 SF
For Lease Contact for pricing
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300 Wythe St

300 Wythe St, Downtown Portsmouth, Portsmouth, VA
Property

Industrial

15,611 SF
Year Built

1982
For Sale 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 Portsmouth commercial real estate market incorporates 190,888 square feet of office space across 13 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.
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 Portsmouth commercial real estate market includes 324,544 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 Portsmouth market, there is a total of 123,963 square feet of industrial property.

The listing inventory in Portsmouth 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 Portsmouth is represented by Industrial space, which accounts for 290,640 square feet of available listings. Retail space available in Portsmouth adds up to 247,414 square feet.

Meanwhile, most of the listings of commercial property for sale in Portsmouth are in the Retail 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 Portsmouth is $17.43 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 Portsmouth 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.

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

Meanwhile, retail space opportunities are most abundant in the Manor View submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Uptown Portsmouth.

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 $25 per square foot. In particular, the property type commanding the highest lease rates in Portsmouth was Office space.

The average size of a commercial property in Portsmouth 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 Portsmouth, the average size of an office property is 23,861 square feet.
Retail properties here incorporate an average of 23,182 square feet.
Industrial space in Portsmouth is in buildings that are, on average 20,661 square feet in size.

Portsmouth, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Portsmouth currently add up to 5,242,599 square feet. The market offers 8 active office listing(s), which amount to 55,717 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 244,035 square feet across 12 retail space(s). Industrial space for rent opportunities in Portsmouth amount to 298,480 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	8	55,717
Retail	12	244,035
Industrial	7	298,480
Other	5	4,644,367

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 Portsmouth, VA. Currently, there is 212,369 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 8 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	6	43,013
Retail	8	62,867
Industrial	4	106,474
Other	4	15

Portsmouth, 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 Portsmouth, VA?

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

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

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

Portsmouth, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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