On average, listings lease in the $20's per square foot per year. The Norfolk County submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 38 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Norfolk County 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.
Even though the median size is 3,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1984 and are Class A.