Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 142 listings of Norfolk commercial real estate for lease and for sale to find the best space for your business.

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
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500 East Main Street
Gather
500 East Main Street, Norfolk, VA
Services

Open Workspace

Meeting Room
Amenities

Complimentary coffee & tea

Cookies

Flavor infused water

Free water

High-speed wifi

Mail services

Mother’s room

Podcast room

Privacy booths

Shower
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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
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555 East Main Street

555 East Main Street, Downtown Norfolk, Norfolk, VA
Property

Office

207,668 SF
Availability

6 Spaces

36,752 SF
Year Built

1977
For Lease

$19.00/SF/YR
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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
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Silver Oak

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

Office

40,367 SF
Year Built

2004
For Sale Contact for pricing
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1521 Johnstons Rd

1521 Johnstons Rd, Larrymore Lawns, Norfolk, VA
Property

VacantLand
For Sale

$105,000
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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
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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
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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
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Wells Fargo Center Retail

420 Monticello Ave, Downtown Norfolk, Norfolk, VA
Property

Retail

50,000 SF
Availability

2 Spaces

9,140 SF
For Lease Contact for pricing
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Family Dollar - Rite Aid 4-Store Portfolio

28949 Northwestern Highway, Norview, Southfield, MI
Property

Retail

43,502 SF
Year Built

1998
For Sale

$7,577,000
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Colley Executive Offices @ Granby
Colley Executive Offices
900 Granby Street, Norfolk, VA
Services

Virtual Office

Private Office
Amenities

Business address

Complimentary coffee & tea

Elevator

Free water

High-speed internet

High-speed wifi

Parking

Printer

Receptionist/Secretarial services

Window view
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E. Freemason Street & St. Paul's Boulevard

St Pauls Blvd, Downtown Norfolk, Norfolk, VA
Property

Retail
Availability

1 Space

45,000 SF
For Lease Contact for pricing
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Ground Lease - +/- 0.75-Acre Site Available

3700-3708 Hampton Blvd, Kensington - Old Dominion, Norfolk, VA
Property

Retail

8,700 SF
Availability

1 Space

32,639 SF
Year Built

1944
For Lease Contact for pricing
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East Beach Marketplace

4017 - 4261 E. Little Creek, Camellia Shores, Norfolk, VA
Property

Retail

179,544 SF
Availability

3 Spaces

41,538 SF
For Lease Contact for pricing
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Glenwood Shoppes

8401 Hampton Boulevard, Naval Station Norfolk, Norfolk, VA
Property

Retail

54,287 SF
Availability

1 Space

1,700 SF
Year Built

1990
For Lease

$17.00/SF/YR
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Twin Oaks I & II

5700-5800 Lake Wright Dr, Norfolk International Airport, Norfolk, VA
Property

Office
Availability

1 Space

9,291 SF
For Lease Contact for pricing
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DePaul Medical Plaza

155 Kingsley Ln, Riverpoint, Norfolk, VA
Property

Office
Availability

1 Space

26,340 SF
Year Built

2014
For Lease Contact for pricing
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REDEVELOPMENT OPPORTUNITY W/±2.4 AC STABILIZED YARD

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

VacantLand
Year Built

1905
For Sale

$1,200,000
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Bromley Shopping Center

6200-6206 N Military Hwy, Bromley, Norfolk, VA
Property

Retail

64,350 SF
Availability

2 Spaces

4,199 SF
For Lease

$14.50/SF/YR
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Freestanding Office Building & Parcel

838 Granby St, Downtown Norfolk, Norfolk, VA
Property

Retail

7,200 SF
For Sale Contact for pricing
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6315 N Center Drive

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

Office

29,983 SF
For Sale Contact for pricing
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Halifax Building - Park Central

6161 Kempsville Circle, Newtown South, Norfolk, VA
Property

Office
Availability

1 Space

2,287 SF
For Lease Contact for pricing
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Norfolk Commerce Center I

5505 Robin Hood Rd, Foxhall, Norfolk, VA
Property

Office
Availability

1 Space

6,653 SF
For Lease Contact for pricing
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Three Freestanding Flex/Industrial Buildings

1150 & 1170 E Olney Rd, Central Brambleton, Norfolk, VA
Property

Industrial
Availability

1 Space

17,600 SF
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 1,611,620 square feet of office space across 56 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 2,678,846 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 335,364 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 929,731 square feet of available listings. Retail space available in Norfolk adds up to 386,151 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 $21.86 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 $10.38 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 Ballentine Place.

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 80,581 square feet.
Retail properties here incorporate an average of 65,338 square feet.
Industrial space in Norfolk is in buildings that are, on average 22,358 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 3,380,616 square feet. The market offers 46 active office listing(s), which amount to 929,731 square feet and account for 43% of commercial spaces on the market. Local retail availability includes 386,151 square feet across 38 retail space(s). Industrial space for rent opportunities in Norfolk amount to 292,082 square feet across a total of 16 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	46	929,731
Retail	38	386,151
Industrial	16	292,082
Other	5	1,772,652

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 346,713 square feet of commercial property for sale here , which includes 10 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	10	144,739
Retail	11	123,964
Industrial	4	56,468
Other	6	21,542

Norfolk, VA Commercial Real Estate for Lease and Sale

Dominion Tower

500 East Main Street

6315 N Center Drive

555 East Main Street

Office/Retail In Downtown Norfolk

Silver Oak

1521 Johnstons Rd

DINWIDDIE PLACE APARTMENTS

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

Warehouse Space For Lease

Wells Fargo Center Retail

Family Dollar - Rite Aid 4-Store Portfolio

Colley Executive Offices @ Granby

E. Freemason Street & St. Paul's Boulevard

Ground Lease - +/- 0.75-Acre Site Available

East Beach Marketplace

Glenwood Shoppes

Twin Oaks I & II

DePaul Medical Plaza

REDEVELOPMENT OPPORTUNITY W/±2.4 AC STABILIZED YARD

Bromley Shopping Center

Freestanding Office Building & Parcel

6315 N Center Drive

Halifax Building - Park Central

Norfolk Commerce Center I

Three Freestanding Flex/Industrial Buildings

Frequently Asked Questions

Norfolk, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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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

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Popular Retail Searches

Popular Industrial Searches

About us