On average, listings lease in the $20's per square foot per year. The Nansemond submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $22 per sqft per year.
In the last 90 days, 4 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the available leases in the Nansemond 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Nansemond occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.