2024 Office Space Rent & Sales
- $16.96 2024 Avg. Asking Rent
- 3.70% Y-o-Y Avg. Asking Rent Change
- 14.82% 2024 Office Vacancy Rate
Hampton office price per square foot in 2024 was $16.96 on average. This marked a +3.70% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.82% 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
2024 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$35.61
- Virginia Class B Office Space$25.93
- Virginia Class C Office Space$20.32
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 |
| 400 Butler Farm Road | 400 Butler Farm Road, 23666 | 96,446 | 1999 |
| Hampton Roads Center - Lakefront Plaza | 21 Enterprise Pkwy, 23666 | 75,915 | 1999 |
| 23 South Mallory Street | 23 South Mallory Street, 23663 | 3,763 | 1991 |
| Hampton Roads Center South Campus - Olympia Place | 22 Enterprise Pkwy, 23666 | 72,404 | 1990 |
| Harbour Centre | 2 Eaton Street, 23669 | 175,365 | 1987 |
| Pinewood Plaza | 1919 Commerce Drive, 23666 | 71,593 | 1987 |
| Hampton Roads Center South Campus - Oxford Plaza | 1 Enterprise Pkwy, 23666 | 63,029 | 1987 |
| 101 Eaton St | 101 Eaton St, 23669 | 10,009 | 1986 |
| 1204 E Pembroke Ave | 1204 E Pembroke Ave, 23669 | 1,092 | 1985 |
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
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.