Portsmouth, VA Commercial Real Estate for Lease and Sale

Explore 60 listing(s) of commercial real estate in Portsmouth, VA to find the best space for your business.

CRE Market FAQs

3971 & 3975 Elm Avenue Portsmouth

3971 & 3975 Elm Avenue Portsmouth, Norfolk Naval Shipyard, Portsmouth, VA
Space Type

Industrial
For Lease

$5,000.00/Acre/YR
2 spaces available / 214,750.8 - 270,507.6 SF
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3144 Victory Blvd

3144 Victory Blvd, Garden Homes, Portsmouth, VA
Space Type

Industrial
For Lease

$6,000.00/MO
1 space available / 6,000 SF
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5857 Trucker St

5857 Trucker St, The Gateway at Sterling Point, Portsmouth, VA
Space Type

Office
For Lease

$16.00/SF/YR
1 space available / 3,696 SF
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211-215 High Street

215 High Street, Downtown Portsmouth, Portsmouth, VA
Space Type

Retail
For Lease

$10.00 - $15.00/SF/YR
2 spaces available / 10,980 - 14,832 SF
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1481 Effingham Street

1481 Effingham Street, Downtown Portsmouth, Portsmouth, VA
Property Type

VacantLand
For Sale

$300,000
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Airline Business Park Building 3, Suite 3G

3303 Airline Blvd Ste 3G, Manor View, Portsmouth, VA
Space Type

Industrial
For Lease Contact for pricing

1 space available / 2,500 SF
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5755 Portsmouth Blvd

5755 Portsmouth Blvd, Hodges Manor, Portsmouth, VA
Space Type

Retail
For Lease Contact for pricing

1 space available / 1,773 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Portsmouth:
- Office Space: The market includes 191,518 square feet of office spaces in addition to 15 coworking locations.
- Retail Space: Between malls, restaurants and stores, Portsmouth is home to 854,100 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,181,973 square feet of available space in Portsmouth.
The average rent for commercial real estate in Portsmouth is $18.1 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Portsmouth costs $14, while the city’s premium locations ask up to $24.
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 5,796 square feet.
- Class B properties are sized 31,805 square feet, on average.
- Class C properties span an average of 3,898 square feet.
The best area for commercial real estate in Portsmouth will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Olde Towne Portsmouth, home to no fewer than 10 listings for space of all types. If you're looking for office space, Olde Towne Portsmouth has the highest concentration of office listings at 10.

Meanwhile, Uptown Portsmouth has the highest number of industrial availabilities (2), while Manor View boasts the largest number of retail listings in the city (5).
CommercialCafe’s CRE offering in Portsmouth is enabled by a network of 43 active brokers from 25 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 $24 per square foot. In particular, the property type commanding the highest lease rates in Portsmouth is Retail space.
The average size of a commercial property here stands at 4,045,061. 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 Portsmouth:
Office properties:
- Average size: 21,280 square feet.
- Largest property: Suite 400 (10,500 square feet).
Retail properties:
- Average size: 40,672 square feet.
- Largest property: Space Available (90,000 square feet).
Industrial properties:
- Average size: 98,498 square feet.
- Largest property: 3975 Elm Avenue (270,508 square feet).

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 37 listings for commercial real estate currently available for rent in Portsmouth add up to 5,171,216 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	6	41,900
Retail	16	413,777
Industrial	9	670,477
Other	6	4,045,061

Office properties:

The market has 6 active office listings, encompassing 41,900 square feet.
Portsmouth office spaces currently listed on CommercialCafe represent 16% of the total commercial real estate market in Portsmouth, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 16 retail listings available, adding up to a total of 413,777 square feet.
Retail spaces account for approximately 43% 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 Portsmouth offers 9 listings, amounting to 670,477 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 24% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 23 properties listed for sale in the Portsmouth market, adding up to 365,748 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

3 office properties
8 retail properties
6 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	3	28,070
Retail	8	181,547
Industrial	6	156,127
Other	6	4

Portsmouth, VA Commercial Real Estate for Lease and Sale

3971 & 3975 Elm Avenue Portsmouth

3144 Victory Blvd

5857 Trucker St

211-215 High Street

1481 Effingham Street

Airline Business Park Building 3, Suite 3G

5755 Portsmouth Blvd

Frequently Asked Questions

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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