James City County and the Hampton Roads region real estate markets have remained relatively strong in recent years . . . and sales are on the rise. From warehouses and office parks to retail sites and executive office space, the region offers a large selection of commercial properties to suit your business requirements.
According to the 2010 Old Dominion University Real Estate Market Review and Forecast, the Hampton Roads industrial market boasts close to 109 million square feet in nearly 2,900 buildings throughout the region. This is an increase of 4.3 million square feet, or 4.1% from the 2009 survey.
- JCC accounts for 5.4 million square feet of industrial space in 29 buildings with a 7% vacancy rate. The average rental rate is $5.21 per square foot.
- Hampton Roads contains over 23 million square feet of office space with a vacancy rate of 14.5%.
- JCC has an inventory of office space of 1.5 million square feet of 178 buildings with a 19% vacancy rate. The average rental rate is $16.81 per square foot.
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