Norfolk Industrial

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
69
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,000
As of: August 21, 2017

Norfolk Rates

On average, listings lease 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 3% increase in rent.

Norfolk Listing Supply

In the last 90 days, 69 listings have been listed, so you'll want to check back regularly for new listings. About 87% of the available leases in the Norfolk are subleases, so you might be able to sign a shorter term by taking over a previous 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 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1979 and are Class A.

Norfolk Community

Market Report

Trends and status of the commercial real estate market in Norfolk.
Market Report

Market Data

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