Hampton Roads Center Office Space

Hampton Roads Center

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
6,140
As of: June 23, 2017

Hampton Roads Center Rates

The typical asking rate per listing is in the $10's per square foot per year. The Hampton Roads Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $15 per sqft per year.

Hampton Roads Center Listing Supply

In the last 90 days, 8 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 38% of the listings in the Hampton Roads Center are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,140 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1996 and are Class B.

Hampton Roads Center Community

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 market. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Hampton Roads Center.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hampton Roads Center.
Research