The Class A office towers in the downtown Norfolk and Virginia Beach Central Business Districts have caught the eye of a national commercial real estate company.
In JLL’s 2016 Skyline report, which focuses on the top end of the office leasing market in 52 major cities nationwide, eight buildings in Hampton Roads get a mention for the first time. They include 150 West Main Street, the World Trade Center, Dominion Enterprise building, Wells Fargo Center, Norfolk Southern Tower, and Dominion Tower in Norfolk and the Armada Hoffler Tower and 4525 Main Street in Virginia Beach.
The report notes that Hampton Roads is improving with a steady stream of absorption. Direct vacancy is down to 10.3 percent in 2016 as compared with 12.1 percent in 2015.
