Most listings are in the $10's per square foot per year. The Downtown Hampton submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 31 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,730 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Hampton occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.