Most listings are in the $10's per square foot per year. The Nansemond region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,950 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 4 stories. Most buildings in this region were built in 2001 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 market. 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.