Roanoke, VA Commercial Real Estate for Lease and Sale

Explore 163 listing(s) of commercial real estate in Roanoke, VA to find the best space for your business.

CRE Market FAQs

914 4th St SE

914 4th St SE, Roanoke, VA
Space Type

Industrial
For Lease

$10.00/SF/YR
1 space available / 4,070 SF
View Details
6520 Thirlane Road

6520 Thirlane Road, Roanoke, VA
Property Type

Retail
For Sale

$2,500,000
Property size 43,465 SF
View Details
510 McClanahan Street

510 McClanahan Street , Roanoke, VA
Property Type

Office
For Sale

$1,500,000
Built in 2005 / Property size 1,521 SF
View Details
Promenade Park

3536-3544 Electric Road, Cave Spring, Roanoke, VA
Space Type

Retail
For Lease

$19.00/SF/YR
3 spaces available / 1,750 - 3,500 SF
View Details

Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Roanoke:
- Office Space: The market includes 2,356,894 square feet of office spaces in addition to 106 coworking locations.
- Retail Space: Between malls, restaurants and stores, Roanoke is home to 2,093,002 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,388,655 square feet of available space in Roanoke.
The average rent for commercial real estate in Roanoke is $14.41 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Roanoke costs $9, while the city’s premium locations ask up to $20.
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 61,450 square feet.
- Class B properties are sized 26,517 square feet, on average.
- Class C properties span an average of 44,640 square feet.
CommercialCafe’s CRE offering in Roanoke is enabled by a network of 41 active brokers from 14 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 $20 per square foot. In particular, the property type commanding the highest lease rates in Roanoke is Retail space.
The average size of a commercial property here stands at 189,051. 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 Roanoke:
Office properties:
- Average size: 36,260 square feet.
- Largest property: Office (74,000 square feet).
Retail properties:
- Average size: 53,667 square feet.
- Largest property: Space Available (80,000 square feet).
Industrial properties:
- Average size: 69,433 square feet.
- Largest property: Full building (146,852 square feet).

Roanoke, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

The 92 listings for commercial real estate currently available for rent in Roanoke add up to 2,136,639 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	49	608,006
Retail	29	375,154
Industrial	12	964,429
Other	2	189,050

Office properties:

The market has 49 active office listings, encompassing 608,006 square feet.
Roanoke office spaces currently listed on CommercialCafe represent 53% of the total commercial real estate market in Roanoke, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 29 retail listings available, adding up to a total of 375,154 square feet.
Retail spaces account for approximately 31% 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 Roanoke offers 12 listings, amounting to 964,429 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 13% of the total commercial space available in the market, compared to a nationwide average of 25%.

Commercial Space for Sale - Breakdown

There are currently 68 properties listed for sale in the Roanoke market, adding up to 843,714 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

19 office properties
15 retail properties
6 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	19	291,474
Retail	15	198,797
Industrial	6	285,586
Other	28	67,857

Roanoke, VA Commercial Real Estate for Lease and Sale

914 4th St SE

6520 Thirlane Road

510 McClanahan Street

Promenade Park

Frequently Asked Questions

Roanoke, VA Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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