Most listings are in the $20's per square foot per year. The Great Neck region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Virginia Beach market, the Great Neck region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 58 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the listings in the Great Neck are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 830 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Great Neck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Great Neck.
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