Office Suites Pricing:

The greater Norfolk area has a great number of office space options for entrepreneurs of all backgrounds. In recent years, the area has seen a great growth in commercial and residential development. The city has been trying to attract crowds to live, learn, and work in the area, and office space, creative spaces and much more abound in the general area. The office vacancy rate in the Norfolk area is 10%. Many options abound to help business owners of all backgrounds develop and grow business with proper space. In a recent survey of office space vacancies, the prices are comparable to other larger cities. Small offices start at around $2 - $3 a square foot, and larger spaces at around $1 a square foot and less. Executive office suites are also available at a low rate, many options starting around $350 a month with many amenities including, private entrances, high speed internet, and much more. Office furniture options also abound in the area with big retailers and small retailers alike. For those looking to furnish their spaces, you will find a great variety of options to explore, but of course you must be prepared to spend some $$. If you need to get a quote on office spaces in Richmond, Charleston, or Charlotte, we can help you find a rental property there also.

Office Space Amenities:

For most businesses, that have between 1 to 5o employees, it is a big risk to rent an office suite or executive space. One thing any business owner (or office manager) must do, is to decide what amenities that the staff and employees will need. We have a list below of amenities that office buildings usually offer. Reception area, Admin Support, Kitchen, Furnished Options, Meeting Rooms, Parking, Conference rooms, Virtual Office, Voicemail, AC, Alarm/security, 24 Hour Access. The amenities are just one factor to consider before signing on the dotted line. We have a office space article resource that you can check out which will give you details on every commercial real estate market across the country. Virginia’s second largest city is Norfolk. It is second only to the city of Virginia Beach. The estimated population of the city is 234,220 at the core, and upwards of 1.7 million residents in the greater metropolitan area. The city has a great deal of history that dates back to the founding of the nation. It has been a major military location for quite sometime, and still has a major military presence.

Norfolk Economy:

The economic picture of Norfolk depends heavily on a diverse array of industries. Norfolk has a great location and offers a great deal of commerce in the form of trade. With great overall ports located near the Chesapeake Bay, the deep-water channels offer imports and exports of goods throughout the region and internationally as well. There are also a great number of large companies that call the area home. Some of them are even listed in the Fortune 500. Some of the larger companies in the area include Norfolk Southern, Landmark Communications, Dominion Enterprises, FHC Health Systems, Portfolio Recovery Associates and so much more. Of course, the military presence offers a great deal to the economy, and is one of the major industries that paint a broader economic picture to the greater Norfolk area. With so much industry to take advantage of, it’s a wonder why the unemployment rate is at 8.6% and is higher than the national average.

Crime / Culture:

The city of Norfolk has a deep history of championship sports and college level athletics. While the current sports outlook doesn’t favor the great tradition that it once had, but many lower level sports call the area home. Norfolk is also home to a deep tradition of professional wrestling, and most recently had TNA wrestling in the area for many shows.
The crime rate of Norfolk has seen a relatively decline, and has an overall rate of 61 per one thousand residents. It does have pockets of high crime, but there are a lot of areas that are relatively safe in the greater metropolitan area. Much like larger cities there are problematic neighborhoods, but local law enforcement have been trumping up efforts to assist the population in a safe, and effective manner.