Portsmouth Office Space

201 Wavy St - Floor 2 Portsmouth, VA net of janitorial
Jul 01
1,180
sqft
Office
3015 Airline Blvd - Space Portsmouth, VA 13 foot ceiling height
Jun 26
2,600
sqft
Office Retail
430 High St - Space Portsmouth, VA net of utilities
Jun 01
14,000
sqft
Office
Portsmouth's Sub Markets

Portsmouth

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,180

Portsmouth Rates

The typical asking rate per listing is in the $20's per square foot per year. The Portsmouth submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Portsmouth Listing Supply

In the last 90 days, 160 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the available leases in the Portsmouth are subleases, so you will probably have to consider a longer term lease. 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 1,180 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1984 and are Class B.

Portsmouth Community

Market Data

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