Portsmouth, Virginia, a city with a rich history dating back to the early 17th century, is an ideal location for a Commercial Real Estate Property For Lease. With its strong sports presence, hosting events like the Portsmouth Invitational Tournament, and its cultural attractions, such as the Olde Towne Business and Historical District, Portsmouth City Park, and the Rivers Casino Portsmouth, this city offers a unique blend of history, entertainment, and business opportunities. The city's infrastructure, including transportation services like the Norfolk International Airport, Interstate 264, and U.S. Route 17, makes it an attractive location for businesses. Additionally, the city's strong educational institutions, such as Old Dominion University and Tidewater Community College, provide a skilled workforce, making it an ideal location for a Commercial Real Estate Property For Lease.
Portsmouth's Commercial Real Estate market offers a range of options, including 66 listings available For Lease. With an average annual rent of $20 USD per square foot, and sizes ranging from 50 to 348,480 square feet, there are opportunities to suit various business needs. Office Space, Coworking Space, Retail Space, and Industrial properties are also available in Portsmouth, offering a range of options for businesses. For example, Office Space in Portsmouth is ideal for businesses looking to establish a presence in the city, with its proximity to the Norfolk Naval Shipyard and the Olde Towne Business and Historical District. Meanwhile, Retail Space in Portsmouth is perfect for businesses looking to capitalize on the city's tourist attractions, such as the Portsmouth City Park and the Rivers Casino Portsmouth. Overall, Portsmouth's Commercial Real Estate market offers a unique blend of history, culture, and business opportunities, making it an attractive location for businesses looking to establish a presence in the region.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Portsmouth, Virginia, there are several key factors to consider, including:
- Location, with proximity to major transportation facilities such as the Norfolk International Airport, Interstate 264, and the Elizabeth River, as well as access to amenities like the Olde Towne Business and Historical District and Portsmouth City Park;
- Space requirements, with the average size of available listings being 23,938 square feet and a maximum space size of 348,480 square feet;
- Rent and lease terms, with an average annual rent of $20 USD per square foot, and a total of 66 available listings to choose from.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent in Portsmouth, it's essential to consider the specific needs of your business. This includes evaluating factors such as the size of the space, the type of property, and the location to ensure it aligns with your business goals and operations.
- Assess your business requirements: Determine the number of employees, equipment, and inventory you need to accommodate, as well as any specific features such as loading docks, office space, or storage areas.
- Explore available options: With 66 commercial properties available for lease in Portsmouth, research different types of properties, such as office spaces, warehouses, or retail stores, to find the best fit for your business.
- Consider the average size and rent: Portsmouth's commercial properties for lease have an average size of 23,938 square feet and an average annual rent of $20 USD per square foot, which can help guide your search and budgeting decisions.
