Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 167 listings of Norfolk commercial real estate to find the best space for your business.

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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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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Waterside District

333 Waterside Drive, Downtown Norfolk, Norfolk, VA
Property

Retail

150,000 SF
Availability

5 Spaces

35,057 SF
Year Built

1983
For Lease 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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7601-7605 Merritt St

7601 Merritt St, Oakwood, Norfolk, VA
Property

VacantLand

0.52 Acre
For Sale

$225,000
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Dominion Tower

999 Waterside Dr, Tidewater Gardens, Norfolk, VA
Property

Office
Availability

1 Space

21,649 SF
Year Built

1987
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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835 Glenrock Road

835 Glenrock Road, Military Circle, Norfolk, VA
Property

Office

48,000 SF
For Sale

$8,000,000
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260 Boush Street

260 Boush Street, Downtown Norfolk, Norfolk, VA
Property

Office

37,065 SF
Availability

1 Space

37,065 SF
For Lease Contact for pricing
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952 Norfolk Square

952 Norfolk Square , Norfolk Industrial Park, Norfolk, VA
Property

Office

5,000 SF
Availability

1 Space

1,656 SF
Year Built

1967
For Lease

$16.50/SF/YR
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6205-6215 N Military Hwy

6205 N Military Hwy, Bromley, Norfolk, VA
Property

VacantLand

0.9 Acre
Availability

1 Space

0.9 Acre
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 3,081,568 square feet of office space across 64 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 2,547,620 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 1,508,361 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 1,282,397 square feet of available listings. Office space available in Norfolk adds up to 1,175,083 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 $20.08 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 $10.68 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 $32 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 81,094 square feet.
- Retail properties here incorporate an average of 70,768 square feet.
- Industrial space in Norfolk is in buildings that are, on average 62,849 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 5,470,784 square feet. The market offers 51 active office listing(s), which amount to 1,175,083 square feet and account for 39% of commercial spaces on the market. Local retail availability includes 953,537 square feet across 44 retail space(s). Industrial space for rent opportunities in Norfolk amount to 1,282,397 square feet across a total of 26 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	51	1,175,083
Retail	44	953,537
Industrial	26	1,282,397
Other	7	2,059,767

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 513,509 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 5 retail investment opportunity listing(s) , and 7 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	190,732
Retail	5	51,092
Industrial	7	254,366
Other	10	17,319

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Norfolk, VA Commercial Real Estate for Lease and Sale

Berkley Center - Join the New Berkley Supermarket!

Aldi Surplus

Waterside District

Colley Village Shopping Center

7601-7605 Merritt St

Dominion Tower

6464 Hampton Blvd

835 Glenrock Road

260 Boush Street

952 Norfolk Square

6205-6215 N Military Hwy

Frequently Asked Questions

Norfolk, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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