The typical asking rate per listing is in the $10's per square foot per year. The Downtown Norfolk submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 30 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Downtown Norfolk 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 1,310 sqft. Most buildings in this market are around 9 stories. Most buildings in this area were built in 1977 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Most of the folk of Downtown Norfolk work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.