Downtown Norfolk Office Space

Downtown Norfolk

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Downtown Norfolk Rates

Most listings are in the $20's per square foot per year. The Downtown Norfolk region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% rise in rent.

Downtown Norfolk Listing Supply

In the last 90 days, 21 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,210 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 9 floors. Most buildings in this region were built in 1981 and are Class A.

Downtown Norfolk Community

A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Most of the occupants of Downtown Norfolk work from home. Commuting under 5 minutes 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 Downtown Norfolk.
Market Report

Market Data

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