Virginia Beach Va, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Virginia Beach, Virginia, is an attractive market for commercial real estate (CRE) investors and professionals. As the largest city in Virginia, with a population of over 450,000, Virginia Beach boasts a diverse economy driven by tourism, defense, and technology sectors. Its unique coastal positioning, coupled with a robust business environment, makes it a prime location for various CRE asset types including office, industrial, and retail properties.

Economic and Industry Overview

Virginia Beach's economy is anchored by major industries such as defense, tourism, and technology. The presence of significant military installations like Naval Air Station Oceana and Joint Expeditionary Base Little Creek-Fort Story drives demand for office and industrial spaces. The city's technology sector is supported by initiatives such as the Virginia Beach Economic Development Department, which fosters growth through incentives and support for tech startups.

• Major Industries: Defense, Tourism, Technology
• Key Property Types: Office, Industrial, Retail

Strategic Location and Transportation Infrastructure

Virginia Beach offers strategic logistical advantages with its extensive transportation network. The city is connected by major highways such as I-264 and I-64, providing seamless access to regional and national markets. The Port of Virginia ensures efficient maritime logistics, while Norfolk International Airport facilitates air cargo operations. These infrastructures enhance Virginia Beach's connectivity and accessibility, making it ideal for distribution and business operations.

• Highways: I-264, I-64
• Ports: Port of Virginia
• Airports: Norfolk International Airport

Commercial Real Estate Inventory & Zoning

Virginia Beach's commercial real estate market is characterized by diverse submarkets, including the Central Business District (CBD), industrial corridors, and innovation districts. The city offers a variety of asset classes such as industrial, retail, and office spaces. Recent zoning changes and incentives, including Opportunity Zones, provide additional opportunities for developers. For more information, refer to the Virginia Beach Zoning Maps.

• Submarkets: CBD, Industrial Corridors, Innovation Districts
• Asset Classes: Industrial, Retail, Office
• Zoning Resources: Zoning Maps

Major Employers and Institutions

Virginia Beach is home to several major employers and institutions that contribute to CRE demand. Key players include Sentara Healthcare, the U.S. Navy, and Virginia Wesleyan University. The presence of corporate headquarters and research centers further stimulates the commercial real estate market. Access the Virginia Beach Business Directory for a comprehensive list.

• Top Employers: Sentara Healthcare, U.S. Navy
• Institutions: Virginia Wesleyan University

Notable Commercial Developments & Projects

Significant commercial developments in Virginia Beach include large-scale mixed-use projects and innovation parks. Public-private partnerships and designated Opportunity Zones offer lucrative investment prospects. For details on ongoing projects, visit the Virginia Beach Planning Department.

• Key Projects: Mixed-Use Developments, Innovation Parks
• Resources: Planning Department

Building Permits, Planning, and Development Tools

For developers and investors, Virginia Beach provides comprehensive resources through its Building and Safety Department and Permitting Portal. Access the Parcel Map Viewer and Planning Commission for more information.

• Resources:
  • Building and Safety Department
  • Permitting Portal
  • Parcel Map Viewer

Market Data & Economic Reports

Public datasets and economic reports are available through sources like Census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation from these public data sources to provide actionable insights. Explore our Brevitas-powered dashboards for detailed market analysis.

• Data Sources: Census.gov, Open Data Portal

Why Use Brevitas for Virginia Beach Va, Virginia CRE?

Brevitas offers a comprehensive suite of tools for CRE professionals in Virginia Beach, including AI-driven property discovery, real-time market alerts, and dealroom collaboration. Our platform features auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Gain exclusive listings and premium exposure through Brevitas.

• Features:
  • AI-Driven CRE Discovery
  • Real-Time Market Alerts
  • Smart Property Pages
  • Dealroom Collaboration

Explore how Brevitas can transform your CRE experience in Virginia Beach, Virginia.