On average, listings lease in the $20's per square foot per year. The Hampton Roads Center submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 4 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,020 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1990 and are Class B.
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. Most of the occupants of Hampton Roads Center work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.