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159 Commercial Real Estate Listings in Suffolk, VA

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Suffolk, VA Commercial Real Estate

There are currently 156 commercial listings available in Suffolk, VA. These listings include 53 commercial spaces that encompass a total of 4,053,575 square feet. Available commercial spaces in Suffolk, VA range in size from 4 square feet to 1,334,000 square feet. A total of 108 off-market commercial properties located in Suffolk, VA are also available for research.

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Suffolk, VA Commercial Inventory Breakdown

In 2023 the Suffolk, VA commercial real estate market totaled 1,317,755 square feet of office spaces, 1,983,697 square feet of office spaces with retail, and 21,866,484 square feet of industrial space.

Office Spaces

Total: 1,317,755 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 556,266 SqFt 42.21% of total office
100k to 500k SqFt 761,489 SqFt 57.79% of total office
By class:
Class A 152,000 SqFt 11.53% of total office
Class B 1,165,755 SqFt 88.47% of total office


Class A office space holds a 11.53% share of the overall Suffolk, VA office market, while Class B office assets make up approximately 88.47%.

Industrial

Total: 21,866,484 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,283,546 SqFt 5.87% of total industrial
100k to 500k SqFt 8,228,784 SqFt 37.63% of total industrial
500k to 1M SqFt 2,735,154 SqFt 12.51% of total industrial
> 1M SqFt 9,619,000 SqFt 43.99% of total industrial
By class:
Class A 13,726,874 SqFt 62.78% of total industrial
Class B 5,099,932 SqFt 23.32% of total industrial
Class C 181,878 SqFt 0.83% of total industrial
There are 8,228,784 square feet of commercial real estate properties between 100k to 500k square feet, representing 37.63% of the Suffolk, VA industrial inventory. Class A assets total 13,726,874 square feet of industrial space, with an additional 5,099,932 square feet of Class B and 181,878 square feet of Class C properties.

Office Spaces with Retail

Total: 1,983,697 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 840,866 SqFt 42.39% of total office with retail
100k to 500k SqFt 1,142,831 SqFt 57.61% of total office with retail

Suffolk, VA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Suffolk, VA Office 15 84,177
Suffolk, VA Retail 10 170,320
Suffolk, VA Industrial 11 2,079,354
Suffolk, VA Other 47 4,014,163
Ofice Icon

15

Office

Industrial Icon

11

Industrial

Retail Icon

10

Retail

Current local active listing encompass 6,348,014 square feet of commercial space for lease in Suffolk. There are 15 active office listings, which amount to 84,177 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 170,320 square feet across 10 listings. Current industrial offerings on the market amount to 2,079,354 square feet across a total of 11.

Employment in Suffolk, VA

Employed Population 44,168

Employed population - Industry % Distribution

Management, business, science, and arts occupations

36%

Sales and office occupations

24%

Production, transportation, and material moving occupations

15%

Service occupations

15%

Natural resources, construction, and maintenance occupations

11%

In 2021, roughly 36% of a total of 44,168 employed in Suffolk worked in Management, business, science, and arts occupations, followed by 24% in Sales and office occupations and 15% in Production, transportation, and material moving occupations.

Income per capita $37,213  Median household income $80,481

Household income

31%

Under $50k

32%

$50k - $100k

28%

$100k - $200k

8%

Over $200k

The median household income in Suffolk stands at $80,481, with per capita income at $37,213. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 8%. Approximately 31% of Suffolk households earn less than $50k per year.

Education in Suffolk, VA

High school grad or higher 91%

Bachelor's degree or higher 31%

Population by minimum level of education

9%

No degree

25%

High school

35%

Some College

20%

Bachelor's

11%

Post-grad

*Universe: Workers 25 and over

An estimated 91% of Suffolk residents aged 25 or over hold a high school degree or higher. Of those, 25% are high school graduates, 35% attended some college, 20% earned a bachelor's degree, with an additional 11% holding post-graduate degrees.

Suffolk, VA Demographics

As of 2021, Suffolk had a total population of 92,108, with a median age of 37.90 years. Roughly 65.10% of the total population was between the ages of 16 and 64 years old.

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