2023 Office Space Rent & Sales
- $16.45 2023 Avg. Asking Rent
- -2.53% Y-o-Y Avg. Asking Rent Change
- 12.06% 2023 Office Vacancy Rate
Hampton office price per square foot in 2023 was $16.45 on average. This marked a -2.53% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.06% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$36.28
- Virginia Class B Office Space$26.18
- Virginia Class C Office Space$32.04
Hampton, VA Office Asking Rents by Class
Office Spaces for Rent in Virginia
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Sentara CarePlex West | 4001 Coliseum Drive, 23666 | 70,774 | 2007 |
| Sentara CarePlex Hospital - North Campus Medical Offices | 4000 Coliseum Drive, 23666 | 101,151 | 2002 |
| 400 Butler Farm Road | 400 Butler Farm Road, 23666 | 96,446 | 1999 |
| Lakefront Plaza | 21 Enterprise Parkway, 23666 | 75,915 | 1999 |
| 5 Manhattan Square | 5 Manhattan Square, 23666 | 17,068 | 1999 |
| Harbour Centre | 2 Eaton Street, 23669 | 175,365 | 1987 |
| Pinewood Plaza | 1919 Commerce Drive, 23666 | 71,593 | 1987 |
| Oxford Plaza | 1 Enterprise Pky, 23666 | 63,029 | 1987 |
| 1204 E Pembroke Ave | 1204 E Pembroke Ave, 23669 | 1,092 | 1985 |
| 7 W Queens Way | 7 W Queens Way, 23669 | 7,624 | 1983 |
Worth noting among recent office completions on the Hampton market is Sentara CarePlex West, which is currently the largest new office development in the city, at 70,774 square feet.
See reports for other markets
- Richmond Office Rent Price
- Virginia Beach Office Rent Price
- Arlington Office Rent Price
- Henrico Office Rent Price
- Alexandria Office Rent Price
- Fredericksburg Office Rent Price
- Fairfax Office Rent Price
- Glen Allen Office Rent Price
- Norfolk Office Rent Price
- Chesapeake Office Rent Price
- Herndon Office Rent Price
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- Sterling Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Hampton commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.