Commercial Real Estate Listings in Norfolk, VA
The Norfolk real estate market has a lot to offer.
You will find that Industrial space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Retail space accounts for the second-largest share of listings on the market.
Type
No. of Listings
Space Available
Office
54
2,172,214 Sq. Ft.
Retail
45
2,293,471 Sq. Ft.
Industrial
28
1,357,654 Sq. Ft.
Office
37.30%
Retail
39.38%
Industrial
23.31%
Top Locations for Commercial Space in Norfolk, VA
Depending on the type of space that you’re looking for, different areas of Norfolk may suit your needs differently.
The city’s Downtown Norfolk neighborhood has the highest concentration of CRE listings, offering 72 availabilities on the market.
The Ghent Square neighborhood is home to the second-largest number of leasing opportunities — 9 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Downtown Norfolk.
Neighborhood with most CRE Listings
No. of Spaces
Downtown Norfolk
72
Ghent Square
9
Norfolk Industrial Park
7
Neighborhood with most Office Listings
No. of Spaces
Downtown Norfolk
60
Ghent Square
8
Norfolk International Airport
6
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Norfolk Industrial Park area is the local Norfolk submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Norfolk, you’ll find the most such opportunities for lease to be in Downtown Norfolk.
Neighborhood with most Industrial Listings
No. of Spaces
Norfolk Industrial Park
5
Ingleside
2
Crown Point
2
Neighborhood with most Retail Listings
No. of Spaces
Downtown Norfolk
12
West Ocean View
5
Roosevelt
5
Commercial Real Estate for Sale in Norfolk, VA
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer.
There are currently 379,908 square feet of commercial property for sale in Norfolk.
The largest investment opportunity on the local market offers 48,000 square feet of earning potential.
If you are looking to buy a smaller property, consider that local listings for sale start at 1 square feet.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Norfolk, VA
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
1501 E Little Creek Rd, Larrymore Lawns, Norfolk Va, VAProperty