Suffolk’s steady population increase makes it one of the fastest growing cities in Virginia, and the fastest growing in Hampton Roads over the last decade. According to Weldon Cooper Center for Public Service, University of Virginia, 92,533 people called Suffolk home in 2017. This figure represents a robust 9.3% population percent increase since 2010. Much of the growth in Suffolk has been in response to the positive business climate, central location, quality of amenities and high standard of living. All this means our businesses and residents are looking for unique places to dine, entertain and shop ~ presenting an excellent opportunity for retail center investors, mixed-use developers and retailers to tap into the Suffolk, VA market.
Harbour View Trade Area
With direct access to Interstate 664 and its 65,000 vehicles per day, three main retail corridors for development have emerged: Harbour View Boulevard, College Drive and Bridge Road (Route 17). Although all three are in close proximity to each other, each has their very own distinct character and development pattern. The entire Harbour View district not only pulls from Suffolk’s growing residential population, but also from the neighboring established neighborhoods of Portsmouth’s Churchland and Chesapeake’s Western Branch areas. The Harbour View trade area features a population of 865,271(2017) within a 15 mile radius. Some of the major employers in the area include U.S. Navy Cyber, TowneBank HQ, Bon Secours Regional HQ and VDOT Regional HQ.
Notable Retail Developments
Central & Downtown Trade Area
The Central Trade area features two distinct areas: the established Main Street market as well as a newly developing Godwin Boulevard (Rt 10) corridor. The significant Rt 58 Bypass, featuring over 45,000 vehicles per day, bisects the two trade areas and provides convenient access to housing, businesses and retail destinations. These areas are seeing a significant amount of new residential and commercial growth. The central Suffolk area as serves as a major retail hub for surrounding rural communities in Franklin, Isle of Wight, Smithfield and Gates, NC. The Downtown area offers unique and charming historical retail opportunities. Dynamic revitalization has been ongoing for the last two decades, with new loft apartments and chef owned restaurants on every block. It has become a tremendous location for entrepreneurs looking to operate in a location with character. The entire trade area features a population of 252,999 (2017) within a 15 mile radius. Some of the major employers in the area include City of Suffolk, Sentara Obici Hospital, Lipton Tea, Planters Peanuts and Target Warehouse.
Map of Current retailers
Notable Retail Developments