Most listings are in the $20's per square foot per year. The Little Neck region is seeing a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Virginia Beach market, the Little Neck region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Little Neck are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,220 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1995 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of Little Neck work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.