Norfolk Sublease

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
57
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,800
As of: December 2, 2016

Norfolk Rates

Most listings are in the $10's per square foot per year. The Norfolk region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.

Norfolk Listing Supply

In the last 90 days, 55 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Norfolk are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region 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