On average, listings lease in the $20's per square foot per year. The Courthouse-Sandbridge submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Virginia Beach market, the Courthouse-Sandbridge submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,370 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Courthouse-Sandbridge residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.