Norfolk Office Space

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Norfolk

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,710
As of: December 8, 2016

Norfolk Rates

On average, listings lease in the $20's per square foot per year. The Norfolk submarket is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 28% decline in rent.

Norfolk Listing Supply

In the last 90 days, 58 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Norfolk are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1981 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