Roanoke, VA Commercial Real Estate for Lease and Sale

Explore 92 listings of Roanoke commercial real estate to find the best space for your business.

3247 Electric Rd

3247 Electric Rd, Cave Spring, Roanoke, VA
Property

Office

6,600 SF
Year Built

1988
For Sale

$775,000
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4102 Electric Road

4102 Electric Road, Cave Spring, VA
Property

Office

2,732 SF
Availability

1 Space

2,732 SF
For Lease

$28.00/SF/YR
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5458 Franklin Rd

5458 Franklin Rd, Roanoke, VA
Property

VacantLand
For Sale

Undisclosed
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13th St SE

13th St SE, Roanoke, VA
Property

VacantLand
For Sale

$1,750,000
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
The Bluestone Building

302 S. Jefferson St, Roanoke, VA
Property

Office

32,445 SF
Year Built

1907
For Sale

$3,300,000
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351 Campbell Avenue Southwest
The Quarters
351 Campbell Avenue Southwest #100, Roanoke, VA
Services

Open Workspace

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Printer

Privacy booths

White boards
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1327 Grandin Road Southwest
Colab
1327 Grandin Road Southwest, Roanoke, VA
Services

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Ergonomic furniture

High-speed wifi

Kitchen

Lockable filing cabinets

Lounge area

Parking

Printer

Projector

Shower
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4461 Starkey Road

4461 Starkey Road, Cave Spring, VA
Property

Office

16,472 SF
For Sale Contact for pricing
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Valley View Professional Cente

4910 Valley View Boulevard Northwest, Roanoke, VA
Property

Office

60,055 SF
For Sale Contact for pricing
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3939 VALLEY GATEWAY BOULEVARD

3939 VALLEY GATEWAY BOULEVARD Roanoke, Roanoke, VA
Property

VacantLand

5.99 Acre
For Sale Contact for pricing
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624 Salem Avenue

624 Salem Avenue, Roanoke, VA
Property

Industrial

7,000 SF
For Sale Contact for pricing
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7857 Enon Drive

7857 Enon Drive, Hollins, Roanoke, VA
Property

Office

10,129 SF
Availability

1 Space

10,129 SF
For Lease

$15.00/SF/YR
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505 S. Jefferson Street

505 S. Jefferson Street, Roanoke, VA
Property

Office

3,687 SF
Availability

2 Spaces

3,687 SF
For Lease

$20.00/SF/YR
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601 11th Street Northwest
The Creative Collective
601 11th Street Northwest, Roanoke, VA
Services

Open Workspace

Event Space

Meeting Room
Amenities

Complimentary coffee & tea

Free water

Gym

High-speed wifi

Kitchen

Patio

Podcast room

Printer

Refreshments

Standing desks
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Hunting Hills

4210 Franklin Road, Roanoke, VA
Property

Retail

67,875 SF
Availability

2 Spaces

6,235 SF
For Lease Contact for pricing
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310 First Street

310 1st street, Roanoke, VA
Property

Office

124,000 SF
Availability

3 Spaces

15,714 SF
For Lease Contact for pricing
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305 Campbell Ave SW

305 Campbell Avenue, SW, Roanoke, VA
Property

Office

6,000 SF
Availability

1 Space

2,991 SF
Year Built

1969
For Lease

$14.00/SF/YR
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Cave Spring Corners

3971 Brambleton Ave, Cave Spring, Roanoke, VA
Property

Retail

147,133 SF
Availability

1 Space

4,321 SF
For Lease Contact for pricing
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4802 Valley View Blvd

4802 Valley View Boulevard, Roanoke, VA
Property

Retail

48,270 SF
Availability

1 Space

48,270 SF
For Lease Contact for pricing
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5610 Williamson Road

5610 Williamson Road, Hollins, Roanoke, VA
Property

VacantLand

0.71 Acre
Availability

1 Space

0.71 Acre
For Lease Contact for pricing
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4760 Valley View Blvd NW

4760 Valley View Blvd NW, Roanoke, VA
Property

Retail

11,597 SF
Availability

2 Spaces

3,780 SF
Year Built

2001
For Lease Contact for pricing
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3012, 3014, 3022, 3024 & 3032 Trinkle Avenue

3012, Roanoke, VA
Property

Industrial

20,156 SF
For Sale

$1,100,000
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101 Mountain Avenue

101 Mountain Avenue, Roanoke, VA
Property

Office

4,228 SF
Availability

2 Spaces

4,228 SF
For Lease

$14.00 - $16.00/SF/YR
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5008 Airport Rd NW

5008 Airport Rd NW, Roanoke, VA
Property

Office

250,000 SF
Availability

1 Space

250,000 SF
For Lease Contact for pricing
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836 Campbell Avenue SW

836 Campbell Avenue SW, Roanoke, VA
Property

Office

3,654 SF
For Sale

$396,000
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5301 Williamson Road
The Williamson
5301 Williamson Road #B, Roanoke, VA
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Parking

Printer

TV/Monitor

White boards
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Hwy 460 Multifamily Land

1411 24th St NE, Roanoke, VA
Property

VacantLand
For Sale

$375,000
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Oak Groove Plaza

2061 Electric Road, Cave Spring, VA
Property

Retail

49,881 SF
Availability

3 Spaces

9,773 SF
For Lease

$14.50/SF/YR
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811 Connecticut Avenue

811 Connecticut Avenue, Roanoke, VA
Property

Office

10,035 SF
Availability

1 Space

10,035 SF
For Lease

$13.00/SF/YR
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The Corinthian Building

211 1st St SW, Roanoke, VA
Property

Other

22,150 SF
For Sale

$1,095,000
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Towne Square

1287-1445 Towne Square Blvd NW, Roanoke, VA
Property

Retail

209,639 SF
Availability

5 Spaces

32,817 SF
For Lease Contact for pricing
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2911-2935 Hershberger Road

2911-2935 Hershberger Road, Roanoke, VA
Property

Retail

120,000 SF
Availability

2 Spaces

88,000 SF
For Lease Contact for pricing
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510 McClanahan Street

510 McClanahan Street, Roanoke, VA
Property

Retail

1.05 Acre
For Sale Contact for pricing
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Tanglewood Mall

4420 Electric Road, Roanoke, VA
Property

Retail

811,270 SF
Availability

24 Spaces

99,447 SF
For Lease Contact for pricing
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For Sublease | Retail Big Box Sublease Opportunity

3419 Orange Avenue NE, Roanoke, VA
Property

Retail
Availability

1 Space

41,117 SF
For Lease

$9.50/SF/YR
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7857 Enon Drive

7857 Enon Drive, Hollins, Roanoke, VA
Property

Office

10,129 SF
Year Built

1998
For Sale

$1,300,000
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ONE TEN FRANKLIN

110 Franklin Road SE Roanoke, Roanoke, VA
Property

Office

203,632 SF
Availability

1 Space

19,353 SF
For Lease Contact for pricing
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220 Church Avenue SW

220 Church Avenue SW, Roanoke, VA
Property

Office

73,461 SF
Availability

3 Spaces

36,337 SF
For Lease

$10.00 - $16.00/SF/YR
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Crossroads Shopping Center

1351 Hershberger Rd, Roanoke, VA
Property

Retail

152,000 SF
Availability

1 Space

3,400 SF
For Lease Contact for pricing
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Blue Hills Village

3621 blue hills village, Roanoke, VA
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
For Lease

$22.00/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 Roanoke commercial real estate market incorporates 1,603,575 square feet of office space across 43 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 Roanoke commercial real estate market includes 2,032,488 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 Roanoke market, there is a total of 357,545 square feet of industrial property.

The listing inventory in Roanoke 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 Roanoke is represented by Office space, which accounts for 638,999 square feet of available listings. Retail space available in Roanoke adds up to 411,233 square feet.

Meanwhile, most of the listings of commercial property for sale in Roanoke 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 Roanoke is $13.33 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 Roanoke 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 Roanoke, 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 $18 per square foot. In particular, the property type commanding the highest lease rates in Roanoke was Retail space.

The average size of a commercial property in Roanoke 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 Roanoke, the average size of an office property is 39,112 square feet.
Retail properties here incorporate an average of 81,300 square feet.
Industrial space in Roanoke is in buildings that are, on average 51,078 square feet in size.

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Roanoke currently add up to 1,308,564 square feet. The market offers 32 active office listing(s), which amount to 638,999 square feet and account for 54% of commercial spaces on the market. Local retail availability includes 409,583 square feet across 21 retail space(s). Industrial space for rent opportunities in Roanoke amount to 229,054 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	32	638,999
Retail	21	409,583
Industrial	5	229,054
Other	1	30,928

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 Roanoke, VA. Currently, there is 514,666 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 4 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	128,944
Retail	4	176,384
Industrial	4	180,008
Other	13	29,330

Roanoke, 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 Roanoke, VA?

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

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

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

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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