Norfolk Office Q3 2020 Marketview
> Average asking rents increased slightly in Q3 2020, ending the quarter at $20.07, an increase of $0.06 quarter-over-quarter and $0.15 year-over-year.
> Leasing activity remained strong during Q3 2020, as there were 215 leases signed during the quarter totaling 717,319 square feet.
> Sublease space has become more prevalent since the pandemic began, with 84,673 square feet of vacant sublet space available to end Q3 2020. This is a 35.8%increase of 22,341 square feet since the end of Q1 2020, when the effects of the pandemic first began being felt.