Business Resources – 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
- Twelve major industrial and commercial areas including established parks
Real Estate Market Snapshot
| Property Type | Total Square Feet |
Vacant Square Feet |
% Vacant |
Avg. Rental Rate P.S.F. | Avg. Price P.S.F. |
|---|---|---|---|---|---|
| General Industrial | 33,163,565 | 2,285,009 | 6.9% | $5.83 | $38 |
| Retail | 34,322,192 | 1,861,748 | 5.4% | $14.39 | $170 |
| Office | 5,370,400 | 411,943 | 7.7% | $16.88 | $97 |
Source: Costar Realty, March 2016