Norfolk, Virginia, is a prime location for Industrial Space For Lease, offering a unique blend of history, culture, and economic opportunities. With its strategic position along the Elizabeth River and Chesapeake Bay, Norfolk has historically been a vital military and transportation point, making it an attractive location for businesses and industries. The city's infrastructure, including water and sewer services, electricity, natural gas distribution, and wastewater services, provides a solid foundation for industrial activities. Additionally, Norfolk's proximity to major transportation facilities, such as the Norfolk International Airport, Amtrak's Northeast Regional service, and the Half Moone Cruise Terminal, makes it an ideal location for companies that require easy access to national and international markets.
With 16 Industrial Space listings available for lease, Norfolk offers a diverse range of options for businesses of all sizes. The average annual rent per square foot is $10 USD, with sizes ranging from 1,940 square feet to 193,771 square feet. In addition to Industrial Space, Norfolk also offers Flex Space, Commercial Real Estate, Land, and Restaurants For Lease, providing a wide range of options for businesses looking to establish or expand their operations in the area. The city's strong economy, driven by maritime activities, defense contracting, cargo ports, and tourism, makes it an attractive location for companies looking to tap into these industries. Overall, Norfolk's unique combination of history, culture, and economic opportunities makes it an ideal location for businesses looking to establish or expand their operations.
What is the average size of industrial space for lease in the Norfolk market?
The average size of industrial space for lease in the Norfolk market is approximately 38,787 square feet, with a total of 16 available listings, and an average annual rent of $10 USD per square foot, making it an attractive option for businesses looking to establish or expand their operations in this strategic location.
What do I need to look for when leasing an industrial space in Norfolk?
When leasing an industrial space in Norfolk, there are several key factors to consider to ensure you find the right property for your business needs.
- Average annual rent per square foot, which is currently $10 USD per square foot, and average space size, which is approximately 38,787 square feet, to determine the overall cost and suitability of the space.
- Maximum space size, which can be up to 193,771 square feet, to accommodate your business's specific requirements and potential for growth.
- Proximity to major transportation facilities, such as Norfolk International Airport, the Port of Virginia, and Interstate 64, as well as access to amenities like healthcare services, parks, and recreational areas, to ensure convenient logistics and a high quality of life for employees.
With 16 available listings of industrial space in Norfolk, it's essential to carefully evaluate these factors to find the ideal property for your business.
