The typical asking rate per listing is in the $20's per square foot per year. The Norfolk submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 696 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available leases in the Norfolk are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 market are close to 3 stories. Most buildings in this area were built in 1979 and are Class A.
Real time and historical data on commercial real estate listings in Norfolk.
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