Marcus & Millichap

Virginia Beach - Norfolk

  • $88,413,467 Value of recently closed transactions
  • 21 Closed sales in most recent year
  • $4,265,000 Total value of recent listings Search current listings
Known as “America’s First Region,” this area includes the cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Suffolk, as well as other smaller cities, counties and towns of Hampton Roads.

Virginia Beach - Norfolk Research and Data

Washington D.C./Central Atlantic Regional Hospitality Research Report

Strong Tourism Underpins Buyers’ Motivation to Target Region’s Hotel...

Mid-Atlantic Hospitality Research Report

Investors Confident in Mid Atlantic Region Amid Occupancy Improvement Strong regional...

Suburban VA Self-Storage Investment Forecast

Economic Trends D.C. metro employers added 52,900 jobs over the past 12 months, with the...

Virginia Beach - Norfolk

Virginia Beach is an independent city located in the Hampton Roads metropolitan area of the Commonwealth of Virginia, on the Atlantic Ocean at the mouth of the Chesapeake Bay. Although Fairfax County is the most populous jurisdiction in the state of Virginia, Virginia Beach is the most populous city in the state, as well as the 39th-largest city in the United States, with a population of 447,489 in 2012. 

Virginia Beach is the easternmost city of the Hampton Roads, or “Tidewater” area, that makes up the core of the Virginia Beach-Norfolk-Newport News, VA-NC MSA. This area, known as “America's First Region,” also includes the independent cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Suffolk, as well as other smaller cities, counties and towns of Hampton Roads.

Virginia Beach is listed in the Guinness Book of Records as having the longest pleasure beach in the world. It is located at the southern end of the Chesapeake Bay Bridge-Tunnel, the longest bridge-tunnel complex in the world. It is best known as a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its oceanfront.

Every year the city hosts the East Coast Surfing Championships as well as the North American Sand Soccer Championship, a beach soccer tournament. It is also home to several state parks, several long-protected beach areas, three military bases, a number of large corporations, two universities, Edgar Cayce’s Association for Research and Enlightenment, and numerous historic sites. Near the point where the Chesapeake Bay and the Atlantic Ocean meet, Cape Henry was the site of the first landing of the English colonists, who eventually settled in Jamestown, on April 26, 1607.