Most listings are in the $10's per square foot per year. The Norfolk Industrial Park submarket is going through a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
In the last 90 days, 1 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1987 and are Class B.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Norfolk Industrial Park occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.