Norfolk Industrial

2555 Ellsmere Ave - 2 Spaces Foxhall, Norfolk, VA rental rate negotiable
May 30
81,810 - 126,000
sqft
Industrial Office Retail

Norfolk

Market Report

Number of Listings
Posted in the last 90 days
69
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,020

Norfolk Rates

On average, listings lease in the $20's per square foot per year. The Norfolk region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.

Norfolk Listing Supply

In the last 90 days, 696 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Norfolk are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1979 and are Class A.

Norfolk Community

Market Data

Real time and historical data on commercial real estate listings in Norfolk.
Research