Retail Business for Lease in Norfolk, VA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Norfolk, VA 23513

Description

Commercial property listing from JLL. Property: 830-834 Widgeon Rd.

Market Context

This retail in Norfolk, VA is listed for lease. It has been on the market for 135 days. Compare it against other retail listings for lease in Norfolk, VA — <a href="/search/lease/retail/virginia/norfolk">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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