Norfolk, VA Commercial Real Estate for Lease and Sale

Explore 164 listing(s) of commercial real estate in Norfolk, VA to find the best space for your business.

CRE Market FAQs

Freestanding Flex Building on Fully Fenced Site

3719 E Virginia Beach Blvd, Norfolk Industrial Park, Norfolk, VA
Space Type

Office
For Lease Contact for pricing

1 space available / 22,318 SF
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1069 W 41st St

1069 W 41st St, ODU Village, Norfolk, VA
Property Type

Multi-Family
For Sale

$1,100,000
Property size 0.23 Acre
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150 West Main Street

150 W Main St, Downtown Norfolk, Norfolk, VA
Space Type

Office
For Lease Contact for pricing

1 space available / 3,992 SF
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Wards Corner Shoppes

7623 Granby Street, Wards Corner, Norfolk, VA
Space Type

Retail
For Lease

$16.00/SF/YR
1 space available / 1,680 SF
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2314 Colonial Ave

2314 Colonial Ave, Park Place, Norfolk, VA
Space Type

Retail
For Lease

$19.00/SF/YR
1 space available / 8,900 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Norfolk:
- Office Space: The market includes 2,322,544 square feet of office spaces in addition to 106 coworking locations.
- Retail Space: Between malls, restaurants and stores, Norfolk is home to 2,152,889 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,812,558 square feet of available space in Norfolk.
The average rent for commercial real estate in Norfolk is $21.86 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Norfolk costs $12.95, while the city’s premium locations ask up to $27.
Office space here averages $28 per square foot while industrial space averages $10.67 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 129,943 square feet.
- Class B properties are sized 109,603 square feet, on average.
- Class C properties span an average of 14,355 square feet.
The best area for commercial real estate in Norfolk will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Downtown Norfolk, home to no fewer than 66 listings for space of all types. If you're looking for office space, Downtown Norfolk has the highest concentration of office listings at 52.

Meanwhile, Norfolk Industrial Park has the highest number of industrial availabilities (6), while Downtown Norfolk boasts the largest number of retail listings in the city (14).
CommercialCafe’s CRE offering in Norfolk is enabled by a network of 101 active brokers from 40 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $27 per square foot. In particular, the property type commanding the highest lease rates in Norfolk is Office space.
The average size of a commercial property here stands at 2,433,049. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Norfolk:
Office properties:
- Average size: 80,088 square feet.
- Largest property: Full Building (135,720 square feet).
Retail properties:
- Average size: 51,260 square feet.
- Largest property: Space Available (192,000 square feet).
Industrial properties:
- Average size: 69,714 square feet.
- Largest property: Space 1 (180,000 square feet).

Norfolk, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 131 listings for commercial real estate currently available for rent in Norfolk add up to 4,932,590 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	54	965,491
Retail	44	921,088
Industrial	24	612,963
Other	9	2,433,048

Office properties:

The market has 54 active office listings, encompassing 965,491 square feet.
Norfolk office spaces currently listed on CommercialCafe represent 41% of the total commercial real estate market in Norfolk, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 44 retail listings available, adding up to a total of 921,088 square feet.
Retail spaces account for approximately 33% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Norfolk offers 24 listings, amounting to 612,963 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 18% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 34 properties listed for sale in the Norfolk market, adding up to 360,469 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

9 office properties
12 retail properties
4 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	9	117,471
Retail	12	109,869
Industrial	4	113,785
Other	9	19,344

Norfolk, VA Commercial Real Estate for Lease and Sale

Freestanding Flex Building on Fully Fenced Site

1069 W 41st St

150 West Main Street

Wards Corner Shoppes

2314 Colonial Ave

Frequently Asked Questions

Norfolk, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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