Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 150 listings of Norfolk commercial real estate to find the best space for your business.

2701 Saint Julian Avenue

2701 Saint Julian Avenue, Roberts Village, Norfolk, VA
Property

Industrial

39,914 SF
Availability

1 Space

39,914 SF
Year Built

1961
For Lease

$6.95 - $7.50/SF/YR
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3002 Arizona Avenue

3002 Arizona Avenue, Ballentine Place, Norfolk, VA
Property

Industrial

21,541 SF
Availability

1 Space

21,541 SF
Year Built

1959
For Lease

$9.00/SF/YR
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Route 460 & Dominion Way

Route 460 & Dominion Way, Belvedere, Virginia, VA
Property

VacantLand

5.97 Acre
For Sale

$825,000
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836 Poplar Hall Dr

836 Poplar Hall Dr, Glenrock, Norfolk, VA
Property

Industrial
Availability

1 Space

11,700 SF
For Lease

$10.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Aldi Surplus

730 W 21st Street, Ghent, Norfolk, VA
Property

Retail
Availability

1 Space

12,832 SF
For Lease Contact for pricing
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Class A Office Space For Lease in Downtown Norfolk

150 Granby St, Downtown Norfolk, Norfolk, VA
Property

Office
Availability

1 Space

28,440 SF
Year Built

2006
For Lease Contact for pricing
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Wedgewood Plaza

1817 E Little Creek Rd, Larrymore Lawns, Norfolk, VA
Property

Retail
Availability

1 Space

137,834 SF
For Lease Contact for pricing
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Town Point Center

150 Boush Street, Downtown Norfolk, Norfolk, VA
Property

Office

132,583 SF
Availability

8 Spaces

36,410 SF
For Lease

$24.95/SF/YR
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5595 Raby Road

5595 Raby Road, Crown Point, Norfolk, VA
Property

Industrial

120,919 SF
Availability

1 Space

14,400 SF
Year Built

1964
For Lease Contact for pricing
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115-119 W 25th Street

115-119 W 25th Street, Park Place, Norfolk, VA
Property

Retail
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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2411 Granby St

2411 Granby St, Park Place, Norfolk, VA
Property

Retail

7,200 SF
Availability

1 Space

7,200 SF
Year Built

1920
For Lease Contact for pricing
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2591 Tidewater Drive

2591 Tidewater Dr, Lafayette - Winona, Norfolk, VA
Property

Retail
Availability

1 Space

1,520 SF
For Lease Contact for pricing
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6101 North Military Hwy

6101 North Military Hwy, Shadywood East, Norfolk, VA
Property

Retail

198,306 SF
Availability

1 Space

184,906 SF
Year Built

1996
For Lease Contact for pricing
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1157 Production Road

1157 Production Road, Norfolk Industrial Park, Norfolk, VA
Property

Industrial

36,000 SF
For Sale Contact for pricing
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Aldi Outparcel - Little Creek

1600 E Little Creek Road, Bel - Aire, Norfolk, VA
Property

Retail
For Sale Contact for pricing
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Colley Village Shopping Center

2301 Colley Avenue, Kensington - Old Dominion, Norfolk, VA
Property

Retail

44,585 SF
Availability

1 Space

7,500 SF
For Lease Contact for pricing
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Norfolk Commerce Park II

5301 Robin Hood Road, Foxhall, Norfolk, VA
Property

Office
Availability

1 Space

14,477 SF
For Lease Contact for pricing
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21 West Shopping Center

520 W 21st St, Ghent, Norfolk, VA
Property

Retail

39,338 SF
Availability

1 Space

2,517 SF
Year Built

2004
For Lease

$32.00/SF/YR
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Roosevelt Gardens

2300 E Little Creek Road, Roosevelt, Norfolk, VA
Property

Retail

109,180 SF
Availability

4 Spaces

16,238 SF
For Lease Contact for pricing
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1318 E Little Creek Rd

1318 E Little Creek Rd, South Bayview, Norfolk, VA
Property

Industrial

5,145 SF
Year Built

1965
For Sale

$850,000
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9225 Granby St

9225 Granby St, Pamlico, Norfolk, VA
Property

Office

2,000 SF
Year Built

1957
For Sale

$399,999
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Prime Downtown Norfolk Office Space

200 College Pl, Freemason, Norfolk, VA
Property

Office
Availability

1 Space

1,600 SF
For Lease Contact for pricing
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1129 & 1157 Production Road

1129 Production Road, Norfolk Industrial Park, Norfolk, VA
Property

Industrial

363,983 SF
Availability

2 Spaces

53,094 SF
Year Built

1965
For Lease

$12.50 - $13.50/SF/YR
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624 W 24th St

624 W 24th St, Park Place, Norfolk, VA
Property

VacantLand
For Sale

$116,000
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301 West 24th Street

301 West 24th Street, Park Place, Norfolk, VA
Property

Industrial

25,707 SF
Availability

1 Space

25,707 SF
Year Built

1946
For Lease

$10.00/SF/YR
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561 & 701 Front Street

561 & 701 Front Street, Ghent, Norfolk, VA
Property

VacantLand

8 Acre
Availability

2 Spaces

8 Acre
For Lease Contact for pricing
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111 Pennsylvania Ave

111 Pennsylvania Ave, Colonial Place - Riverview, Norfolk, VA
Property

Office

2,121 SF
Year Built

1972
For Sale

$535,000
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East Beach Marketplace

4017 E Little Creek Rd, Camellia Shores, Norfolk, VA
Property

Retail
Availability

1 Space

153,098 SF
For Lease Contact for pricing
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716 Cecelia St

716 Cecelia St, Central Brambleton, Norfolk, VA
Property

Industrial

2,000 SF
Availability

1 Space

2,000 SF
For Lease

$3,000.00/MO
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600 W 24th st

600 W 24th st, Park Place, Norfolk, VA
Property

Office

6,784 SF
Availability

1 Space

6,784 SF
Year Built

1932
For Lease Contact for pricing
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2215 E Indian River Rd

2215 E Indian River Rd, Oak Leaf Forest, Norfolk, VA
Property

VacantLand

5 Acre
Availability

1 Space

5 Acre
Year Built

2004
For Lease

$5,000.00/Acre/MO
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Waterside District

333 Waterside Drive, Downtown Norfolk, Norfolk, VA
Property

Retail

150,000 SF
Availability

6 Spaces

38,107 SF
Year Built

1983
For Lease Contact for pricing
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1105 Newtown Road - Newtown North

1105 Newtown Rd, Hollywood Homes - Maple Hall, Norfolk, VA
Property

Retail
Availability

1 Space

1,100 SF
For Lease Contact for pricing
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The Palace Shops and Station

301 W 21st St, Ghent Square, Norfolk, VA
Property

Retail
Availability

1 Space

131,074 SF
For Lease Contact for pricing
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Main Street Tower

300 E Main St, Downtown Norfolk, Norfolk, VA
Property

Office
Availability

1 Space

13,021 SF
Year Built

1990
For Lease Contact for pricing
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500 E Main Street

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

Office

285,792 SF
Availability

3 Spaces

31,750 SF
Year Built

1972
For Lease

$17.00/SF/YR
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The Smithfield Building

6160 Kempsville Cir, Newtown South, Norfolk, VA
Property

Office
Availability

1 Space

16,318 SF
Year Built

1987
For Lease Contact for pricing
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Berkley Center - Join the New Berkley Supermarket!

201 E Berkley Ave, Beacon Light - Berkley, Norfolk, VA
Property

Retail
Availability

1 Space

1,800 SF
For Lease Contact for pricing
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1501 E Little Creek Rd

1501 E Little Creek Rd, Larrymore Lawns, Norfolk Va, VA
Property

Other

2,987 SF
Year Built

1984
For Sale

$895,000
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7601-7605 Merritt St

7601 Merritt St, Oakwood, Norfolk, VA
Property

VacantLand

0.52 Acre
For Sale

$225,000
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Westport Commerce Park

599 Westport St, Wards Corner, Norfolk, VA
Property

VacantLand

1,334,000 SF
Availability

1 Space

1,334,000 SF
For Lease Contact for pricing
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6464 Hampton Blvd

6464 Hampton Blvd, Larchmont - Edgewater, Norfolk, VA
Property

Retail

12,860 SF
Year Built

1952
For Sale

$3,000,000
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Military Crossing

5957 E Virginia Beach Blvd, Military Circle, Norfolk, VA
Property

Retail
Availability

1 Space

192,000 SF
For Lease Contact for pricing
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Interstate Corporate Center

6315 - 6387 N Center Dr & 400 - 420 N Center Dr, Newtown South, Norfolk, VA
Property

Office
Availability

1 Space

36,000 SF
Year Built

1971
For Lease Contact for pricing
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5578 Sabre Road

5578 Sabre Road, Crown Point, Norfolk, VA
Property

Industrial

31,765 SF
Availability

1 Space

31,765 SF
For Lease Contact for pricing
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World Trade Center

101 West Main Street, Downtown Norfolk, Norfolk, VA
Property

Office

367,000 SF
Availability

15 Spaces

53,676 SF
For Lease

$27.00 - $29.00/SF/YR
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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 5,104,281 square feet. The market offers 44 active office listing(s), which amount to 804,710 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 1,139,636 square feet across 39 retail space(s). Industrial space for rent opportunities in Norfolk amount to 1,156,796 square feet across a total of 23 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	44	804,710
Retail	39	1,139,636
Industrial	23	1,156,796
Other	7	2,003,139

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 443,906 square feet of commercial property for sale here , which includes 11 office building(s) for sale , 7 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	11	177,032
Retail	7	135,141
Industrial	5	102,076
Other	10	29,657

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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