Norfolk, VA Retail Properties & Spaces for Lease
Norfolk, VA Retail properties & Spaces Lease Rates & Market Statistics
Explore 57 Retail properties & Spaces for lease in Norfolk, VA on Realmo, a commercial real estate exchange covering the Norfolk area. The current inventory totals 229,853 square feet of properties — an average of ~4,050 SF per listing.
Asking lease rates for Retail properties & Spaces in Norfolk start at $5.15 SF/Yr, average $16.27 SF/Yr, and reach $29.95 SF/Yr at the top of the market. That's a 6x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $16.27 SF/Yr, the local average runs 25% below Virginia's state average of $21.74 SF/Yr.
Norfolk accounts for 100% of the 57 retail properties & spaces currently available across Norfolk County. By space type, the market includes 19 shopping centers, 11 storefront properties and 3 grocery and convenience stores — shopping centers typically offer the lowest entry point, while storefront properties command the highest rates.
