Commercial Real Estate Listings in Portsmouth, VA
The Portsmouth 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
Retail
16
202,920 Sq. Ft.
Office
14
193,240 Sq. Ft.
Industrial
11
127,075 Sq. Ft.
Office
36.93%
Retail
38.78%
Industrial
24.29%
Top Locations for Commercial Space in Portsmouth, VA
Depending on the type of space that you’re looking for, different areas of Portsmouth may suit your needs differently.
The city’s Olde Towne Portsmouth neighborhood has the highest concentration of CRE listings, offering 10 availabilities on the market.
The Manor View neighborhood is home to the second-largest number of leasing opportunities — 6 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 Olde Towne Portsmouth.
Neighborhood with most CRE Listings
No. of Spaces
Olde Towne Portsmouth
10
Manor View
6
Uptown Portsmouth
5
Neighborhood with most Office Listings
No. of Spaces
Olde Towne Portsmouth
10
Downtown Portsmouth
3
Mt. Hermon
1
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Uptown Portsmouth area is the local Portsmouth 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 Portsmouth, you’ll find the most such opportunities for lease to be in Manor View.
Neighborhood with most Industrial Listings
No. of Spaces
Uptown Portsmouth
5
Churchland West
1
Port Norfolk
1
Neighborhood with most Retail Listings
No. of Spaces
Manor View
5
Cradock Gardens
5
Craney Island Reservation
1
Commercial Real Estate for Sale in Portsmouth, 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 191,560 square feet of commercial property for sale in Portsmouth.
The largest investment opportunity on the local market offers 69,000 square feet of earning potential.
If you are looking to buy a smaller property, consider that local listings for sale start at 2 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 Portsmouth, 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.
1328 douglas ave, Mt. Hermon, Portsmouth, VAProperty