Virginia Beach For Sale

Virginia Beach

Office Space Market Report

Number of Listings (last 90 days)
117
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,730
As of: August 17, 2017

Virginia Beach Rates

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.

Virginia Beach Listing Supply

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.

Virginia Beach Community

Market Report

Trends and status of the commercial real estate market in Virginia Beach.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Virginia Beach.
Research