On average, listings lease in the $20's per square foot per year. The Hampton Roads Center submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 14% rise in rent.
In the last 90 days, 8 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,310 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1990 and are Class B.
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 region. Most of the occupants of Hampton Roads Center work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.