Norfolk Office Space

860 W 44th St - Unit 200 Highland Park, Norfolk, VA 2,145 sqft flex
Sep 14
9,150
sqft
Mixed Use Office Other

Norfolk

Market Report

Number of Listings
Posted in the last 90 days
64
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,000

Norfolk Rates

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.

Norfolk Listing Supply

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.

Norfolk Community

Market Data

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