Portsmouth, Virginia, a city with a rich history dating back to the early 17th century, is an ideal location for Industrial Space For Lease. With its strategic position across the Elizabeth River from Norfolk, Portsmouth offers a unique blend of history, culture, and economic opportunities. The city's urban renewal efforts in the downtown area have created a thriving environment for businesses, with amenities like the Olde Towne Business and Historical District, Portsmouth City Park, and the Rivers Casino Portsmouth. Additionally, the city's strong sports presence, hosting events like the Portsmouth Invitational Tournament, makes it an attractive location for companies. The city's infrastructure, including transportation services like the Norfolk International Airport and Interstate 264, ensures easy access to the region and beyond.
Portsmouth's Industrial Space For Lease market offers a range of options, with 7 listings available. The average annual rent per square foot is $14 USD, with sizes ranging from 1,347 square feet to 252,720 square feet. In addition to Industrial Space, Portsmouth also offers Flex Space, Commercial Real Estate, Land, and Restaurants For Lease, each with its unique characteristics and advantages. For instance, Flex Space For Lease in Portsmouth offers a flexible and adaptable environment, while Commercial Real Estate For Lease provides a range of options for businesses. Land For Lease in Portsmouth is ideal for companies looking to develop their own properties, and Restaurants For Lease offer a unique opportunity for entrepreneurs in the food industry. With its diverse range of property types and amenities, Portsmouth is an attractive location for businesses looking to establish or expand their operations.
What is the average size of industrial space for lease in the Portsmouth market?
The average size of industrial space for lease in the Portsmouth market is 60,673 square feet, with a total of 7 available listings, and a maximum space size of 252,720 square feet.
What do I need to look for when leasing an industrial space in Portsmouth?
When leasing an industrial space in Portsmouth, there are several key factors to consider to ensure you find the right property for your business needs, including:
- Average annual rent per square foot, which is currently $14 USD per square foot, and average space size, which is approximately 60,673 square feet, to determine your budget and space requirements.
- Proximity to major transportation facilities, such as the Norfolk International Airport, Interstate 264, and the Elizabeth River, which can impact your business's logistics and supply chain.
- Access to amenities, including the Olde Towne Business and Historical District, Portsmouth City Park, and the Rivers Casino Portsmouth, which can enhance your employees' quality of life and attract customers.
