Norfolk Office Space

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,500
As of: January 19, 2017

Norfolk Rates

On average, listings lease in the $10's per square foot per year. The Norfolk submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Norfolk Listing Supply

In the last 90 days, 66 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available space in the Norfolk are subleases, so you will probably have to focus your search on direct office leases. 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 2,200 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1983 and are Class A.

Norfolk Community

Market Report

Trends and status of the commercial real estate market in Norfolk.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Norfolk.
Research