Downtown Norfolk Sublease

Downtown Norfolk

Office Space Market Report

Number of Listings (last 90 days)
27
As of: April 28, 2017

Downtown Norfolk Rates

Most listings are in the $0's per square foot per year. The Downtown Norfolk submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 100% decrease in rent.

Downtown Norfolk Listing Supply

In the last 90 days, 27 listings have come on the market, which means office spaces 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most properties in this area are approximately 9 floors. Most buildings in this market were built in 1977 and are Class A.

Downtown Norfolk Community

A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this area. Most of the occupants of Downtown Norfolk work from home. Commuting under 5 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 Downtown Norfolk.
Market Report

Market Data

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