Norfolk Retail

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,580
As of: February 19, 2017

Norfolk Rates

Most listings are in the $10's per square foot per year. The Norfolk submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Norfolk Listing Supply

In the last 90 days, 73 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Norfolk are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,580 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1983 and are Class A.

Norfolk Community

Market Report

Trends and status of the commercial real estate market in Norfolk.
Market Report

Market Data

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