Portsmouth, VA Commercial Real Estate for Lease and Sale

Explore 66 listings of Portsmouth commercial real estate for lease and for sale to find the best space for your business.

CRE Market Stats

1601 Marshall Avenue

1601 Marshall Avenue, Brighton, Portsmouth, VA
For Sale

$1,600,000
Property

Industrial

48,400 SF
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2012 High Street

2012 High Street, Uptown Portsmouth, Portsmouth, VA
For Sale

Contact Broker
Property

Retail

7,323 SF
Year Built

1945
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Industrial Facility For Sale or Lease

500 Confederate Ave, Mt. Hermon Village, Portsmouth, VA
For Sale

$3,060,000
Property

Industrial

69,000 SF
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Manor Commerce Center

5549-5599 Portsmouth Boulevard, Hodges Manor, Portsmouth, VA
For Lease

Contact for pricing
Property

Retail

27,209 SF
Availability

2 Spaces

3,458 SF
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1000 Airline Blvd

1000 Airline Blvd, Westhaven, Portsmouth, VA
For Sale

$649,000
Property

Office

3,911 SF
Year Built

1981
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Industrial Facility For Sale or Lease

500 Confederate Ave, Mt. Hermon Village, Portsmouth, VA
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

69,000 SF
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500 Crawford Street

500 Crawford Street, Downtown Portsmouth, Portsmouth, VA
For Lease

$17.50 - $18.00/SF/YR
Property

Office

35,327 SF
Availability

2 Spaces

6,882 SF
Year Built

1986
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Academy Crossing

3200 Academy Avenue, Pride Homes - Cedar Creek Apartments, Portsmouth, VA
For Lease

$17.00/SF/YR
Property

Retail

45,800 SF
Availability

1 Space

1,800 SF
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Elmhurst Square

5600 Portsmouth Blvd, Simonsdale, Portsmouth, VA
For Lease

Contact for pricing
Property

Retail

66,254 SF
Availability

5 Spaces

10,064 SF
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The IncuHub
The IncuHub
100 7th Street Suite 104, Portsmouth, VA
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Mail services

Parking

Printer

Window view
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3120 High Street

3120 High Street, Westhaven Park, Portsmouth, VA
For Lease

$11.00/SF/YR
Property

Office

46,260 SF
Availability

1 Space

4,400 SF
Year Built

1955
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Airline Market Place

3537-3539 Airline Blvd, Manor View, Portsmouth, VA
For Lease

Contact for pricing
Property

Retail

49,178 SF
Availability

5 Spaces

188,910 SF
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355 Crawford Street

355 Crawford Street, Olde Towne Portsmouth, Portsmouth, VA
For Lease

Contact for pricing
Property

Office

77,324 SF
Availability

5 Spaces

27,564 SF
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424 LONDON STREET

424 London St, Olde Towne Portsmouth, Portsmouth, VA
For Sale

$425,000
Property

Multi-Family

2,464 SF
Year Built

1890
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Building #3, Unit 3B Office Space on 2nd Floor

3303 Airline Blvd, Manor View, Portsmouth, VA
For Lease

$12.00/SF/YR
Property

Industrial

17,500 SF
Availability

1 Space

1,800 SF
Year Built

2001
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4020 Victory Boulevard - Victory Crossing

4020 Victory Boulevard, Hattonsville, Portsmouth, VA
For Lease

$20.00/SF/YR
Property

Retail

72,800 SF
Availability

3 Spaces

15,500 SF
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739 High Street
Bloom Coworking
739 High Street, Portsmouth, VA
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Parking

Printer

Privacy booths
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3519 High Street portsmonth 23707

3519 High St, Waterview Colonial Manor, Portsmouth, VA
For Lease

$5,000.00/SF/MO
Property

Unassigned

1,700 SF
Availability

1 Space

1,700 SF
Year Built

1948
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+/- 1,200 SF Second Floor Office Space

730 High St, Downtown Portsmouth, Portsmouth, VA
For Lease

$14.00/SF/YR
Property

Office

5,796 SF
Availability

1 Space

1,200 SF
Year Built

1935
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457 Court Street

457 Court St, Downtown Portsmouth, Portsmouth, VA
For Sale

$525,000
Property

Office

6,480 SF
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3509 Towne Point Road

3509 Towne Point Road, Churchland Forest Apartments, Portsmouth, VA
For Lease

Contact for pricing
Property

VacantLand

1.07 Acre
Availability

1 Space

1 Acre
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WEST POINT LAND PARCEL

West Point, North Point, Portsmouth, VA
For Sale

$200,000
Property

VacantLand

1.06 Acre
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Shoppes at Towne Point

3525 Towne Point Rd, Craney Island Reservation, Portsmouth, VA
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

2,316 SF
Year Built

2018
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3622 George Washington Highway

3622 George Washington Hwy, New Gosport, Portsmouth, VA
For Sale

$139,000
Property

VacantLand
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For Lease | 2007 Victory Blvd | Former Bank Building

2007 Victory Blvd, Bayview Gardens, Portsmouth, VA
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

1,800 SF
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900 Broad St

900 Broad St, Port Norfolk, Portsmouth, VA
For Lease

$8.00/YR
Property

Industrial

59,633 SF
Availability

1 Space

7,840 SF
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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 Portsmouth commercial real estate market incorporates 451,816 square feet of office space across 15 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 Portsmouth commercial real estate market includes 1,606,475 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 Portsmouth market, there is a total of 1,428,517 square feet of industrial property.

The listing inventory in Portsmouth 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 Portsmouth is represented by Retail space, which accounts for 226,020 square feet of available listings. Industrial space available in Portsmouth adds up to 112,665 square feet.

Meanwhile, most of the listings of commercial property for sale in Portsmouth 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 Portsmouth is $18.15 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 Portsmouth 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 Portsmouth, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Portsmouth is in the Manor View neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Olde Towne Portsmouth area.

Meanwhile, retail space opportunities are most abundant in the Manor View submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Uptown Portsmouth.

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 $20 per square foot.

The average size of a commercial property in Portsmouth 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 Portsmouth, the average size of an office property is 37,651 square feet.
Retail properties here incorporate an average of 80,324 square feet.
Industrial space in Portsmouth is in buildings that are, on average 102,037 square feet in size.

Portsmouth, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Portsmouth currently add up to 2,919,236 square feet. The market offers 7 active office listing(s), which amount to 56,727 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 226,020 square feet across 10 retail space(s). Industrial space for rent opportunities in Portsmouth amount to 112,665 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	56,727
Retail	10	226,020
Industrial	4	112,665
Other	2	2,523,824

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 Portsmouth, VA. Currently, there is 137,584 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	10,391
Retail	1	7,323
Industrial	2	117,400
Other	6	2,470

Portsmouth, VA Commercial Real Estate for Lease and Sale

1601 Marshall Avenue

2012 High Street

Industrial Facility For Sale or Lease

Manor Commerce Center

1000 Airline Blvd

Industrial Facility For Sale or Lease

500 Crawford Street

Academy Crossing

Elmhurst Square

The IncuHub

3120 High Street

Airline Market Place

355 Crawford Street

424 LONDON STREET

Building #3, Unit 3B Office Space on 2nd Floor

4020 Victory Boulevard - Victory Crossing

739 High Street

3519 High Street portsmonth 23707

+/- 1,200 SF Second Floor Office Space

457 Court Street

3509 Towne Point Road

WEST POINT LAND PARCEL

Shoppes at Towne Point

3622 George Washington Highway

For Lease | 2007 Victory Blvd | Former Bank Building

900 Broad St

Frequently Asked Questions

Portsmouth, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Portsmouth, 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 Portsmouth, VA?

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

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

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

Portsmouth, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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