Retail Business for Lease in Chesapeake, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chesapeake, VA 23322

Description

Retail | For Lease: 3,330 SF Edinburgh East is a highly trafficked shopping center located in very close proximity to the main lighted intersection at Hillcrest Parkway (13,000 VPD) and S. Battlefield Blvd. (21,000 VPD) in Chesap

Market Context

This retail in Chesapeake, VA is listed for lease. It has been on the market for 127 days. Compare it against other retail listings for lease in Chesapeake, VA — <a href="/search/lease/retail/virginia/chesapeake">view the full market</a>.

As of Q4 2023, the Hampton Roads retail market showed a 3.6% vacancy rate, average asking rents near $22.50/SF/yr, and cap rates around 6.6%. Source: Consensus Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Hampton Roads?
About 6.6% as of Q4 2023, per Consensus.
Is the Hampton Roads retail market tightening or softening?
Vacancy is around 3.6% (Q4 2023).

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