Nansemond Sublease

Nansemond

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,890
As of: June 27, 2017

Nansemond Rates

Most listings are in the $20's per square foot per year. The Nansemond region is seeing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Nansemond Listing Supply

In the last 90 days, 4 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 175% of the available space in the Nansemond are subleases, so you might be able to find a shorter term or below market rent. 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 1,890 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 2006 and are Class A.

Nansemond Community

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 market. Commute by car is the most popular way to get to work amongst Nansemond occupants. Commuting between 20 and 25 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 Nansemond.
Market Report

Market Data

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