Portsmouth, VA Commercial Real Estate for Lease and Sale

Explore 57 listing(s) of commercial real estate in Portsmouth, VA to find the best space for your business.

CRE Market FAQs

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
5755 Portsmouth Blvd

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

Retail
For Sale Contact for pricing

Property size 1,773 SF
View Details
Industrial Building

1400 London Boulevard, Uptown Portsmouth, Portsmouth, VA
Property Type

Industrial
For Sale

$1,700,000
Property size 18,076 SF
View Details
2858-2886 Airline Boulevard

2854 Airline Blvd, Collinswood, Portsmouth, VA
Property Type

Retail
For Sale

$7,900,000
Built in 1963 / Property size 127,309 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 269,591 square feet of office spaces in addition to 22 coworking locations.
- Retail Space: Between malls, restaurants and stores, Portsmouth is home to 673,854 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,194,601 square feet of available space in Portsmouth.
The average rent for commercial real estate in Portsmouth is $17.95 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 $23.
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 34,341 square feet, on average.
- Class C properties span an average of 5,248 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 11 listings for space of all types. If you're looking for office space, Olde Towne Portsmouth has the highest concentration of office listings at 11.

Meanwhile, Uptown Portsmouth has the highest number of industrial availabilities (2), while Collinswood boasts the largest number of retail listings in the city (5).
CommercialCafe’s CRE offering in Portsmouth is enabled by a network of 42 active brokers from 23 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 $23 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 1,520,323. 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: 29,955 square feet.
- Largest property: Suite 400 (10,500 square feet).
Retail properties:
- Average size: 42,116 square feet.
- Largest property: Space Available (90,000 square feet).
Industrial properties:
- Average size: 108,601 square feet.
- Largest property: 3975 Elm Avenue (270,508 square feet).

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 35 listings for commercial real estate currently available for rent in Portsmouth add up to 2,466,179 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	9	55,254
Retail	12	204,056
Industrial	9	686,545
Other	5	1,520,324

Office properties:

The market has 9 active office listings, encompassing 55,254 square feet.
Portsmouth office spaces currently listed on CommercialCafe represent 25% 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 12 retail listings available, adding up to a total of 204,056 square feet.
Retail spaces account for approximately 34% 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 686,545 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 25% of the total commercial space available in the market, compared to a nationwide average of 25%.

Commercial Space for Sale - Breakdown

There are currently 19 properties listed for sale in the Portsmouth market, adding up to 366,163 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
5 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	2	21,375
Retail	7	180,983
Industrial	5	152,687
Other	5	11,118

Portsmouth, VA Commercial Real Estate for Lease and Sale

Academy Crossing

5755 Portsmouth Blvd

Industrial Building

2858-2886 Airline Boulevard

Frequently Asked Questions

Portsmouth, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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