Blacksburg, VA Commercial Real Estate for Lease and Sale

Explore 13 listings of Blacksburg commercial real estate to find the best space for your business.

New River Valley Community Services Office Headquarters

700 University City Boulevard, Blacksburg, VA
Property

Office

56,044 SF
Year Built

1985
For Sale

$7,850,000
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30 Acres Zoned Industrial For Sale

McDougall Youth Correctional Center, Ridgeville, SC
Property

VacantLand
For Sale

$5,600,000
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405 - 411 Draper Road

405 - 411 Draper Road, Blackburg, VA
Property

Retail

5,456 SF
Availability

3 Spaces

5,406 SF
For Lease Contact for pricing
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1701 S. MAIN STREET

1701 S. MAIN STREET, Blacksburg, VA
Property

Retail

7,800 SF
For Sale

$1,700,000
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2206 S Main St

2206 S Main St, Blacksburg, VA
Property

Office

20,023 SF
Availability

2 Spaces

10,395 SF
For Lease

$15.00/SF/YR
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3160 State St

3160 State St, Blacksburg, VA
Property

Industrial

17,036 SF
Availability

1 Space

17,036 SF
Year Built

2001
For Lease

$15.90/SF/YR
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702, 810 & 840 University City Boulevard

702, Blacksburg, VA
Property

Office

28,646 SF
Availability

8 Spaces

28,646 SF
For Lease

$17.00/SF/YR
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1701 Main Street

1701 Main Street, Blacksburg, VA
Property

Retail

2,550 SF
Availability

1 Space

2,550 SF
For Lease

$15.00/SF/YR
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2200 Kraft Drive Southwest
Virginia Tech Corporate Research Center
2200 Kraft Drive Southwest #1050, Blacksburg, VA
Services

Open Workspace

Private Office

Dedicated Desk
Amenities

Break room

Business consulting

Childcare facility

Complimentary coffee & tea

High-speed wifi

Office furniture

Parking

Printer

Snacks
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3503 & 3511 Holiday Lane

3503 & 3511 Holiday Lane, Blacksburg, VA
Property

VacantLand

5.96 Acre
For Sale

$4,750,000
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2200 S Main Street

2200 S Main Street, Blacksburg, VA
Property

Office

4,450 SF
Availability

1 Space

2,519 SF
For Lease

$21.00/SF/YR
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THE BROWNSTONE

301 South Main Street, Blacksburg, VA
Property

Office

7,489 SF
Availability

1 Space

5,397 SF
For Lease Contact for pricing
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3503-3511 Holiday Ln

3503 Holiday Ln, Blacksburg, VA
Property

VacantLand

5.96 Acre
For Sale

$47,500,000
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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 Blacksburg commercial real estate market incorporates 116,652 square feet of office space across 5 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 Blacksburg commercial real estate market includes 15,806 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 Blacksburg market, there is a total of 17,036 square feet of industrial property.

The listing inventory in Blacksburg 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 Blacksburg is represented by Office space, which accounts for 46,957 square feet of available listings. Industrial space available in Blacksburg adds up to 17,036 square feet.

Meanwhile, most of the listings of commercial property for sale in Blacksburg 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 Blacksburg is $16.88 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 Blacksburg 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 Blacksburg, depending on the property type you are interested in.

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 $17 per square foot. In particular, the property type commanding the highest lease rates in Blacksburg was Office space.

The average size of a commercial property in Blacksburg 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 Blacksburg, the average size of an office property is 23,331 square feet.
Retail properties here incorporate an average of 5,269 square feet.
Industrial space in Blacksburg is in buildings that are, on average 17,036 square feet in size.

Blacksburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Blacksburg currently add up to 71,949 square feet. The market offers 4 active office listing(s), which amount to 46,957 square feet and account for 57% of commercial spaces on the market. Local retail availability includes 7,956 square feet across 2 retail space(s). Industrial space for rent opportunities in Blacksburg amount to 17,036 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	46,957
Retail	2	7,956
Industrial	1	17,036

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 Blacksburg, VA. Currently, there is 63,856 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	1	56,044
Retail	1	7,800
Other	3	12

Blacksburg, VA Commercial Real Estate for Lease and Sale

New River Valley Community Services Office Headquarters

30 Acres Zoned Industrial For Sale

405 - 411 Draper Road

1701 S. MAIN STREET

2206 S Main St

3160 State St

702, 810 & 840 University City Boulevard

1701 Main Street

2200 Kraft Drive Southwest

3503 & 3511 Holiday Lane

2200 S Main Street

THE BROWNSTONE

3503-3511 Holiday Ln

Frequently Asked Questions

Blacksburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Blacksburg, 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 Blacksburg, VA?

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

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

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

Blacksburg, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us