Norfolk Retail

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
63
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,200
As of: January 21, 2017

Norfolk Rates

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

Norfolk Listing Supply

In the last 90 days, 63 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Norfolk are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,200 sqft. Most buildings in this area are approximately 3 stories. 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