Norfolk Sublease

Norfolk

Office Space Market Report

Number of Listings (last 90 days)
72
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,560
As of: February 27, 2017

Norfolk Rates

The typical asking rate per listing is in the $10's per square foot per year. The Norfolk region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Norfolk Listing Supply

In the last 90 days, 72 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the Norfolk are subleases, so you will probably have to consider a longer term lease. 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 1,560 sqft. Most buildings in this market are around 3 stories. Most buildings in this market 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