Norfolk Virginia Industrial Warehouse Spaces for Rent

Norfolk, VA Warehouse Space for Rent.

Are you in search of the perfect warehouse space in the bustling city of Norfolk, Virginia? Our comprehensive platform offers an extensive inventory of warehouse spaces available for rent. We understand the critical need for businesses to secure reliable and efficient storage solutions to support their operations. Whether you require short-term or long-term leases, we provide a wide selection of warehouse options to suit your specific needs. Our user-friendly platform allows you to easily browse through available properties, compare amenities, and schedule tours. Choose from various sizes, locations, and configurations to find the ideal warehouse space that empowers your business to thrive in the vibrant industrial landscape of Norfolk, Virginia.

Benefits of Norfolk's, Industrial Market.

Norfolk, Virginia's Industrial Market Offers:

• Port Access: Direct access to the Port of Virginia, the third-largest port on the East Coast.
• Intermodal Connections: Proximity to major interstates, rail lines, and airports for efficient transportation.
• Established Infrastructure: Ample warehouse and distribution facilities, as well as access to utilities and services.
• Skilled Workforce: Access to a skilled labor force experienced in logistics and warehousing.
• Favorable Business Climate: Competitive lease rates, tax incentives, and a supportive business environment.
• Strategic Location: Located in the Hampton Roads region, a hub for manufacturing, distribution, and military operations.
• Growth Potential: Ongoing economic development and population growth in the region support market expansion.

Why Norfolk is a Great Place to Locate a Business.

Norfolk, VA offers an array of benefits for businesses seeking warehouse space:

• Strategic Location: Situated on the Hampton Roads waterfront, Norfolk boasts excellent access to major ports, highways, and rail lines.
• Skilled Workforce: Home to a large and experienced workforce, Norfolk provides access to skilled labor in various industries.
• Extensive Warehouse Space: Norfolk offers a wide selection of warehouse spaces, ranging from small units to expansive facilities.
• Competitive Lease Rates: Lease rates in Norfolk are generally lower compared to other major cities, making it cost-effective for businesses.
• Government Incentives: The city offers various incentives to attract new businesses, including tax breaks and financial assistance programs.
• Pro-Business Environment: Norfolk is known for its pro-business government and supportive community, fostering a favorable environment for businesses to thrive.

Key Industries in Norfolk.

• Defense and Military: Norfolk is home to the world's largest naval base and a major hub for shipbuilding and repair.
• Shipping and Transportation: The city's strategic location and deep-water port make it a major gateway for international trade.
• Healthcare: Norfolk has a large and growing healthcare sector, with medical schools, hospitals, and biomedical research facilities.
• Manufacturing: The city supports a diverse range of manufacturing industries, including chemicals, plastics, and electronics.
• Agriculture: Norfolk is a major hub for the commercial distribution of agricultural products from the surrounding region.
• Tourism and Hospitality: The city's historic charm, waterfront attractions, and vibrant culture attract tourists and support a thriving hospitality industry.
• Higher Education: Norfolk is a hub for higher education, with institutions such as Old Dominion University and Norfolk State University.
• Technology: The city has a growing technology sector, with software development and cybersecurity companies.

Demographics.

• Population: 235,305
• Median Age: 38.3
• Median Household Income: $69,500
• Education: 30.4%% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 5.4%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 64,887,500 sq. ft.