Norfolk Industrial

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
72
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,560
As of: February 24, 2017

Norfolk Rates

Most listings are in the $10's per square foot per year. The Norfolk submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.

Norfolk Listing Supply

In the last 90 days, 72 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the 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 1,560 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1983 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