Portsmouth, VA Commercial Real Estate for Lease and Sale

Explore 59 listing(s) of commercial real estate in Portsmouth, VA to find the best space for your business.

CRE Market FAQs

1481 Effingham Street

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

VacantLand
For Sale

$300,000
View Details
Elmhurst Square

5600 Portsmouth Blvd, Simonsdale, Portsmouth, VA
Space Type

Retail
For Lease Contact for pricing

1 space available / 66,254 SF
View Details
Seaboard Commons

1811 Frederick Boulevard, Seaboard Square, Portsmouth, VA
Space Type

Land
For Lease Contact for pricing

1 space available / 46,173.6 SF
View Details
Academy Crossing

3200 Academy Avenue, Pride Homes - Cedar Creek Apartments, Portsmouth, VA
Space Type

Retail
For Lease Contact for pricing

2 spaces available / 800 - 1,400 SF
View Details
1121 Airline Blvd

1121 Airline Blvd, Westhaven Park, Portsmouth, VA
Property Type

Retail
For Sale

$650,000
Built in 1968 / Property size 3,000 SF
View Details
Virginia ABC Store

1137 London Blvd, Uptown Portsmouth, Portsmouth, VA
Property Type

Retail
For Sale

$1,335,000
Built in 2022 / Property size 3,500 SF
View Details

Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Portsmouth:
- Office Space: The market includes 272,399 square feet of office spaces in addition to 22 coworking locations.
- Retail Space: Between malls, restaurants and stores, Portsmouth is home to 694,453 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 710,693 square feet of available space in Portsmouth.
The average rent for commercial real estate in Portsmouth is $19 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 B properties are sized 35,910 square feet, on average.
- Class C properties span an average of 6,800 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 13 listings for space of all types. If you're looking for office space, Olde Towne Portsmouth has the highest concentration of office listings at 13.

Meanwhile, Uptown Portsmouth has the highest number of industrial availabilities (2), while Collinswood boasts the largest number of retail listings in the city (7).
CommercialCafe’s CRE offering in Portsmouth is enabled by a network of 40 active brokers from 22 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 1,567,724. 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: 30,267 square feet.
- Largest property: Suite 400 (10,500 square feet).
Retail properties:
- Average size: 40,851 square feet.
- Largest property: Space Available (90,000 square feet).
Industrial properties:
- Average size: 88,837 square feet.

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 34 listings for commercial real estate currently available for rent in Portsmouth add up to 2,528,311 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	8	58,129
Retail	14	390,820
Industrial	8	511,638
Other	4	1,567,724

Office properties:

The market has 8 active office listings, encompassing 58,129 square feet.
Portsmouth office spaces currently listed on CommercialCafe represent 23% of the total commercial real estate market in Portsmouth, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 14 retail listings available, adding up to a total of 390,820 square feet.
Retail spaces account for approximately 41% of the local commercial market, while the average share taken up by retail in all U.S. markets is 34%.

Industrial Space:

The industrial market in Portsmouth offers 8 listings, amounting to 511,638 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 23% of the total commercial space available in the market, compared to a nationwide average of 25%.

The data presented in this section was last updated as of September 10, 2026

Commercial Space for Sale - Breakdown

There are currently 19 properties listed for sale in the Portsmouth market, adding up to 277,391 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

2 office properties
7 retail properties
3 industrial properties

The data presented in this section was last updated as of September 10, 2026

Property Type	Count of Listings	Total Sq. Ft.
Office	2	27,879
Retail	7	144,511
Industrial	3	93,876
Other	7	11,125

Portsmouth, VA Commercial Real Estate for Lease and Sale

1481 Effingham Street

Elmhurst Square

Seaboard Commons

Academy Crossing

1121 Airline Blvd

Virginia ABC Store

Frequently Asked Questions

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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