Downtown Norfolk Office Space

Downtown Norfolk

Office Space Market Report

Number of Listings (last 90 days)
259
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,370
As of: August 17, 2017

Downtown Norfolk Rates

Downtown Norfolk Listing Supply

In the last 90 days, 27 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 48% of the office spaces in the Downtown Norfolk are subleases, so you might be able to snag a great spot on a short term. 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 2,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 8 stories. Most buildings in this region were built in 1976 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 market. Most of the residents 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.
Research