Norfolk Retail

2301 Colley Ave - 2 Spaces West 21st Street, Norfolk, VA Close Points Of Interest.
Sep 22
860 - 2,880
sqft
Retail
426 Granby St - Space Downtown Norfolk, Norfolk, VA  
Jun 26
720
sqft
Retail Restaurant
155 W Ocean View Ave - 2 Spaces West Ocean View, Norfolk, VA inline space
Jun 26
1,800 - 3,000
sqft
Retail
7870 Tidewater Dr - 2 Spaces Chesapeake Manor, Norfolk, VA  
Jun 26
3,600 - 4,500
sqft
Retail
500 E Main St - Space Norfolk, rental rate negotiable
Jun 09
15,000
sqft
Office Retail
5104 Colley Ave - Entire Building Highland Park, Norfolk, VA 20 foot ceiling height
May 31
12,500
sqft
Industrial Mixed Use Office Medical
2555 Ellsmere Ave - Space Foxhall, Norfolk, VA rental rate negotiable
May 30
81,810
sqft
Industrial Office Retail

Norfolk

Market Report

Number of Listings
Posted in the last 90 days
101
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,020

Norfolk Rates

The typical asking rate per listing is in the $20's per square foot per year. The Norfolk submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.

Norfolk Listing Supply

In the last 90 days, 696 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available leases in the Norfolk are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 region are approximately 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