On average, listings lease in the $0's per square foot per year. The Norfolk Industrial Park submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 1 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the office spaces in the Norfolk Industrial Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 27,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1979 and are Class B.
Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Norfolk Industrial Park occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.