On average, listings lease in the $20's per square foot per year. The Virginia Beach submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Virginia Beach market, the Virginia Beach submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 117 listings have come on the market, so you'll want to check back regularly for new listings. About 87% of the office spaces in the Virginia Beach 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.
Even though the median size is 2,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1986 and are Class B.