Roanoke, VA Commercial Real Estate for Lease - 59 Listings

25 Franklin Road

25 Franklin Road, Roanoke, VA
Property

Office

3,141 SF
Availability

1 Space

3,141 SF
Year Built

1965
For Lease

$2,617.50/MO
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2105 Apperson Dr

2105 Apperson Dr, Salem, VA
Property

Retail

8,076 SF
Availability

3 Spaces

3,350 SF
Year Built

1966
For Lease Contact for pricing
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5050 Cell Tower Dr

5050 Cell Tower Dr, Cave Spring, Roanoke, VA
Property

Industrial

10,050 SF
Availability

1 Space

10,050 SF
Year Built

2000
For Lease

$8.00/SF/YR
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Bandy Professional Center

1807 Murry Rd SW, Roanoke, VA
Property

Office

50,060 SF
Availability

1 Space

2,500 SF
Year Built

1960
For Lease

$1,700.00/MO
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Open Spacious Flex Office w/ Parking

306 6th St SW, Roanoke, VA
Property

Industrial

4,453 SF
Availability

1 Space

4,453 SF
Year Built

1925
For Lease

$9.75/SF/YR
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Harman Warehouse

1615 Cleveland Avenue, Roanoke, VA
Property

Industrial

12,620 SF
Availability

1 Space

12,620 SF
For Lease

$3,850.00/MO
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Adaptable Flex and Office Space w Tenant Incentives

3610-3645 Thirlane Road, Roanoke, VA
Property

Industrial

159,560 SF
Availability

3 Spaces

51,220 SF
For Lease Contact for pricing
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Blue Ridge Commerce Park

2797 Frontage Road NW, Roanoke, VA
Property

Industrial

146,852 SF
Availability

1 Space

146,852 SF
Year Built

2000
For Lease Contact for pricing
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1512 Plantation Road

1512 Plantation Road, Roanoke, VA
Property

Industrial

13,524 SF
Availability

1 Space

13,000 SF
For Lease

$6,000.00/MO
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Jefferson Center

541 Luck Ave, Roanoke, VA
Property

Office

147,486 SF
Availability

2 Spaces

1,930 SF
For Lease

$14.00/SF/YR
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Hershberger Plaza

2840 Hershberger Rd, Roanoke, VA
Property

Office

6,400 SF
Availability

4 Spaces

9,434 SF
Year Built

1984
For Lease

$14.00/SF/YR
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4750 Valley View BLVD NW

4750 Valley View BLVD NW, Roanoke, VA
Property

Retail

28,078 SF
Availability

1 Space

1,608 SF
For Lease

$29.00/SF/YR
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4102 Electric Road

4102 Electric Road, Cave Spring, VA
Property

Office

2,732 SF
Availability

1 Space

2,732 SF
For Lease

$28.00/SF/YR
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315 Market Street - Suite 201

315 Market St SE, Roanoke, VA
Property

Office
Availability

1 Space

1,600 SF
Year Built

1915
For Lease

$14.00/SF/YR
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Brambleton Ave Retail

4520 Brambleton Ave SW, Cave Spring, Roanoke, VA
Property

Retail

5,000 SF
Availability

1 Space

1,600 SF
For Lease

$15.00/SF/YR
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Clearbrook Office Building

5304 Indian Grave Rd, Roanoke, VA
Property

Office

8,118 SF
Availability

2 Spaces

5,350 SF
Year Built

1990
For Lease

$14.00 - $16.00/SF/YR
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Rockland Ave Office

1301 Rockland Avenue Northwest, Roanoke, VA
Property

Office

8,724 SF
Availability

1 Space

8,724 SF
For Lease Contact for pricing
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Springwood Park

3214 Electric Rd. , Cave Spring, Roanoke, VA
Property

Retail

19,200 SF
Availability

6 Spaces

5,518 SF
Year Built

1985
For Lease

$15.00 - $18.00/SF/YR
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Cave Spring Corner Shopping Center

5207 Bernard Drive , Cave Spring, Roanoke, VA
Property

Retail

10,464 SF
Availability

1 Space

2,043 SF
Year Built

1986
For Lease

$20.00/SF/YR
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Second Floor Walk Up Downtown Office

11 Franklin Road Southwest, Roanoke, VA
Property

Office

3,721 SF
Availability

1 Space

2,600 SF
For Lease

$10.00/SF/YR
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Piccadilly Square

3117 Franklin Road Southwest, Roanoke, VA
Property

Retail

15,920 SF
Availability

1 Space

2,537 SF
Year Built

1980
For Lease

$16.00/SF/YR
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Ivy Market

2203 Franklin Rd SW, Roanoke, VA
Property

Retail

31,073 SF
Availability

1 Space

3,449 SF
For Lease Contact for pricing
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3308 Aerial Way Dr SW

3308 Aerial Way Dr SW, Roanoke, VA
Property

Office

8,181 SF
Availability

1 Space

8,421 SF
Year Built

1968
For Lease

$6.50/SF/YR
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Former Wal-Mart Neighborhood Market

3419 Orange Avenue , Roanoke, VA
Property

Retail

41,117 SF
Availability

1 Space

41,117 SF
Year Built

2014
For Lease

$9.50/SF/YR
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Class A Office + Warehouse

442 Rutherford Ave NE, Roanoke, VA
Property

Office

30,635 SF
Availability

1 Space

30,635 SF
Year Built

1981
For Lease

$13.50/SF/YR
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35 Campbell Ave SW

35 Campbell Ave SW, Roanoke, VA
Property

Office

63,086 SF
Availability

1 Space

12,500 SF
Year Built

1930
For Lease Contact for pricing
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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 Roanoke commercial real estate market incorporates 1,016,642 square feet of office space across 30 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 Roanoke commercial real estate market includes 2,013,288 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 Roanoke market, there is a total of 432,859 square feet of industrial property.

The listing inventory in Roanoke 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 Roanoke is represented by Office space, which accounts for 405,876 square feet of available listings. Retail space available in Roanoke adds up to 377,919 square feet.

Meanwhile, most of the listings of commercial property for sale in Roanoke 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 Roanoke is $13.07 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 Roanoke 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 Roanoke, depending on the property type you are interested in.

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. In particular, the property type commanding the highest lease rates in Roanoke was Retail space.

The average size of a commercial property in Roanoke 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 Roanoke, the average size of an office property is 36,309 square feet.
Retail properties here incorporate an average of 80,532 square feet.
Industrial space in Roanoke is in buildings that are, on average 43,286 square feet in size.

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Roanoke currently add up to 1,061,906 square feet. The market offers 24 active office listing(s), which amount to 414,427 square feet and account for 42% of commercial spaces on the market. Local retail availability includes 367,556 square feet across 22 retail space(s). Industrial space for rent opportunities in Roanoke amount to 248,995 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	24	414,427
Retail	22	367,556
Industrial	9	248,995
Other	1	30,928

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 Roanoke, VA. Currently, there is 554,850 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 3 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	127,438
Retail	3	179,802
Industrial	3	203,419
Other	16	44,191

Roanoke, VA Commercial Real Estate for Lease - 59 Listings

25 Franklin Road

2105 Apperson Dr

5050 Cell Tower Dr

Bandy Professional Center

Open Spacious Flex Office w/ Parking

Harman Warehouse

Adaptable Flex and Office Space w Tenant Incentives

Blue Ridge Commerce Park

1512 Plantation Road

Jefferson Center

Hershberger Plaza

4750 Valley View BLVD NW

4102 Electric Road

315 Market Street - Suite 201

Brambleton Ave Retail

Clearbrook Office Building

Rockland Ave Office

Springwood Park

Cave Spring Corner Shopping Center

Second Floor Walk Up Downtown Office

Piccadilly Square

Ivy Market

3308 Aerial Way Dr SW

Former Wal-Mart Neighborhood Market

Class A Office + Warehouse

35 Campbell Ave SW

Frequently Asked Questions

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Roanoke, VA Commercial Real Estate for Lease - 59 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Roanoke, VA?

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

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

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

Roanoke, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us