Most listings are in the $20's per square foot per year. The Downtown Norfolk region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 259 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available leases in the Downtown 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this area are around 8 floors. Most buildings in this area were built in 1976 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Most of the occupants of Downtown Norfolk work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Norfolk.
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