Downtown Norfolk Retail

Downtown Norfolk

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,810
As of: January 19, 2017

Downtown Norfolk Rates

Downtown Norfolk Listing Supply

In the last 90 days, 39 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Downtown 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this market are approximately 9 stories. Most buildings in this region were built in 1977 and are Class A.

Downtown Norfolk Community

A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Most of the residents of Downtown Norfolk work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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