On average, listings lease in the $10's per square foot per year. The Hampton Roads Center region is experiencing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year.
In the last 90 days, 8 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 15,470 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this region were built in 1990 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the folk of Hampton Roads Center work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.