On average, listings lease in the $20's per square foot per year. The Virginia Beach region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Virginia Beach market, the Virginia Beach region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1027 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available leases in the Virginia Beach are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1987 and are Class B.
Real time and historical data on commercial real estate listings in Virginia Beach.
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