Site Selection – Real Estate
Chesapeake is one of the fastest growing cities in the state of Virginia. With 353 square miles of land area, there are many real estate opportunities available to meet the needs of any business, retailer or corporation.
Chesapeake offers:
- Nearly 6,500 acres zoned industrial
- More than 18 million square feet of constructed office and industrial space
- Twelve major industrial and commercial areas including established parks
- More than 6 million square feet of retail space with two regional malls
Real Estate Market Snapshot
| Property Type | Total Square Feet |
Vacant Square Feet |
% Vacant |
Avg. Rental Rates per Sqr. Ft. |
|---|---|---|---|---|
| General Industrial | 16,588,937 | 1,189,435 | 7% | $2.75 – $11.09 |
| Retail | 13,733,004 | 723,878 | 5% | $5 – $30 |
| Office | 5,181,422 | 638,860 | 12% | $5-$39.68 |