Nansemond Retail

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Nansemond

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
4,950
As of: February 22, 2017

Nansemond Rates

Most listings are in the $30's per square foot per year. The Nansemond submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 53% rise in rent.

Nansemond Listing Supply

In the last 90 days, 4 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,950 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 2001 and are Class A.

Nansemond Community

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.

Market Report

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

Market Data

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