Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 137 listings of Norfolk commercial real estate for lease and for sale to find the best space for your business.

Warehouse Space For Lease

1211 Boissevain Ave, West Ghent, Norfolk, VA
Property

Industrial
Availability

1 Space

6,744 SF
Year Built

1965
For Lease Contact for pricing
View Details (opens in new window)
11637 SF Suite 102 Professional Office Space in Norfolk, VA 23502

5700, Norfolk International Airport, Norfolk, VA
Property

Office

11,637 SF
Availability Contact for availability

For Lease Contact for pricing
View Details (opens in new window)
1170 Lexan Avenue

1170 Lexan Avenue, Larchmont - Edgewater, Norfolk, VA
Property

Office

8,058 SF
Availability

1 Space

1,184 SF
Year Built

2001
For Lease

$18.00/SF/YR
View Details (opens in new window)
Silver Oak

5900 Lake Wright Dr, Norfolk International Airport, Norfolk, VA
Property

Office

40,367 SF
Year Built

2004
For Sale Contact for pricing
View Details (opens in new window)
2 Professional Office Space in Norfolk, VA 23502

5700, Norfolk International Airport, Norfolk, VA
Property

Office

16,000 SF
Availability Contact for availability

For Lease Contact for pricing
View Details (opens in new window)
2600 Eltham Ave for Lease

2600 Eltham Ave, Foxhall, Norfolk, VA
Property

Office
Availability

1 Space

10,294 SF
For Lease Contact for pricing
View Details (opens in new window)
6315 N Center Drive

6315 N Center Dr, Newtown South, Norfolk, VA
Property

Office

29,983 SF
For Sale Contact for pricing
View Details (opens in new window)
294,650± SF Warehouse

3321 E. Princess Anne Road, Norfolk Industrial Park, Norfolk, VA
Property

Office

294,657 SF
Availability

2 Spaces

193,771 SF
For Lease Contact for pricing
View Details (opens in new window)
DINWIDDIE PLACE APARTMENTS

516-522 Dinwiddie St, Beacon Light - Berkley, Norfolk, VA
Property

Multi-Family

9,536 SF
Year Built

1912
For Sale

$995,000
View Details (opens in new window)
Office/Retail In Downtown Norfolk

251 Granby Street, Downtown Norfolk, Norfolk, VA
Property

Office

11,000 SF
Year Built

1902
For Sale

$2,200,000
View Details (opens in new window)
Not finding the right space?

Tell us where and what you're looking for and the brokers will come to you
± 48k SF Warehouse with Fenced Stabilized Yard

2241 Barraud Ave, Lindenwood - Barraud Park - Cottage Heights, Norfolk, VA
Property

Industrial

48,467 SF
Year Built

1905
For Sale

CALL AGENT
View Details (opens in new window)
Norfolk Commerce Center I

5505 Robin Hood Rd, Foxhall, Norfolk, VA
Property

Office
Availability

1 Space

6,653 SF
For Lease Contact for pricing
View Details (opens in new window)
HRSA-ILA Building

1355 International Terminal Boulevard, North Meadowbrook, Norfolk, VA
Property

Office

19,820 SF
Availability

1 Space

2,890 SF
For Lease

$22.00/SF/YR
View Details (opens in new window)
253 W. Bute Street

253 W. Bute Street, Freemason, Norfolk, VA
Property

Office
Availability

1 Space

2,500 SF
Year Built

1941
For Lease Contact for pricing
View Details (opens in new window)
6315 N Center Drive

6315 N Center Dr, Newtown South, Norfolk, VA
Property

Office
Availability

1 Space

29,983 SF
For Lease Contact for pricing
View Details (opens in new window)
Freestanding Flex Building on Fully Fenced Site

3719 E Virginia Beach Blvd, Norfolk Industrial Park, Norfolk, VA
Property

Office
Availability

1 Space

22,318 SF
For Lease Contact for pricing
View Details (opens in new window)
Interstate Corporate Center - York Building

6340 Center Drive, Newtown South, Norfolk, VA
Property

Office

30,552 SF
Availability

1 Space

18,225 SF
Year Built

1973
For Lease Contact for pricing
View Details (opens in new window)
Harbour House

337 W Bute St, Freemason, Norfolk, VA
Property

Multi-Family

12,000 SF
Year Built

1954
For Sale

$3,400,000
View Details (opens in new window)
Industrial Property with Outdoor Storage

5532 Raby Rd, Crown Point, Norfolk, VA
Property

Industrial

12,986 SF
Year Built

1967
For Sale

$1,200,000
View Details (opens in new window)
Silver Oak

5900 Lake Wright Dr, Norfolk International Airport, Norfolk, VA
Property

Office
Availability

1 Space

40,367 SF
Year Built

2004
For Lease Contact for pricing
View Details (opens in new window)
116 Granby Street

116 Granby St, Downtown Norfolk, Norfolk, VA
Property

Retail

3,300 SF
Availability

1 Space

1,135 SF
Year Built

1900
For Lease

$25.00/SF/YR
View Details (opens in new window)
Railyard at Lambert's Point

Hampton Boulevard & 25th Street, Lamberts Point, Norfolk, VA
Property

Retail
Availability

1 Space

7,169 SF
For Lease Contact for pricing
View Details (opens in new window)
Former SunTrust Bank – 36K VPD | 1.6 AC Redevelopment

3351 E Princess Anne Rd, Norfolk Industrial Park, Norfolk, VA
Property

Retail

3,038 SF
Year Built

1990
For Sale Contact for pricing
View Details (opens in new window)
Freestanding Office Building & Parcel

838 Granby St, Downtown Norfolk, Norfolk, VA
Property

Retail

7,200 SF
For Sale Contact for pricing
View Details (opens in new window)
Dominion Tower
Regus
999 Waterside Drive #2525 & 2600, Norfolk, VA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
View Details (opens in new window)
Thomas Corner Shopping Center

6147-6163 E. Virginia Beach Blvd., Newtown South, Norfolk, VA
Property

Retail

23,557 SF
Availability

1 Space

2,857 SF
For Lease Contact for pricing
View Details (opens in new window)

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 2,156,820 square feet of office space across 57 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 2,633,650 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 435,307 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 Office space, which accounts for 1,073,398 square feet of available listings. Industrial space available in Norfolk adds up to 336,426 square feet.

Meanwhile, most of the listings of commercial property for sale in Norfolk 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 Norfolk is $21.77 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 $26.98 per square foot, industrial space in Norfolk saw average rents of $10.39 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 $27 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 98,038 square feet.
Retail properties here incorporate an average of 69,307 square feet.
Industrial space in Norfolk is in buildings that are, on average 25,607 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 3,297,853 square feet. The market offers 48 active office listing(s), which amount to 1,073,398 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 333,177 square feet across 36 retail space(s). Industrial space for rent opportunities in Norfolk amount to 336,426 square feet across a total of 17 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	48	1,073,398
Retail	36	333,177
Industrial	17	336,426
Other	3	1,554,852

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 413,718 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 11 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	141,089
Retail	11	150,466
Industrial	4	100,621
Other	5	21,542

Norfolk, VA Commercial Real Estate for Lease and Sale

Warehouse Space For Lease

11637 SF Suite 102 Professional Office Space in Norfolk, VA 23502

1170 Lexan Avenue

Silver Oak

2 Professional Office Space in Norfolk, VA 23502

2600 Eltham Ave for Lease

6315 N Center Drive

294,650± SF Warehouse

DINWIDDIE PLACE APARTMENTS

Office/Retail In Downtown Norfolk

± 48k SF Warehouse with Fenced Stabilized Yard

Norfolk Commerce Center I

HRSA-ILA Building

253 W. Bute Street

6315 N Center Drive

Freestanding Flex Building on Fully Fenced Site

Interstate Corporate Center - York Building

Harbour House

Industrial Property with Outdoor Storage

Silver Oak

116 Granby Street

Railyard at Lambert's Point

Former SunTrust Bank – 36K VPD | 1.6 AC Redevelopment

Freestanding Office Building & Parcel

Dominion Tower

Thomas Corner Shopping Center

Frequently Asked Questions

Norfolk, 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

About Us

Our Tools

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us