On average, listings lease in the $20's per square foot per year. The Nansemond region is seeing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year.
In the last 90 days, 51 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the listings in the Nansemond are subleases, so you will probably have to consider a longer term lease. 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 1,890 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Nansemond folk. Commuting between 20 and 25 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 Nansemond.
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