Oceanfront Industrial

Oceanfront

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,200
As of: December 9, 2016

Oceanfront Rates

The typical asking rate per listing is in the $10's per square foot per year. The Oceanfront region is experiencing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.

Compared to the rest of the Virginia Beach market, the Oceanfront submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Oceanfront Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1990 and are Class A.

Oceanfront Community

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. Commute by bike is the most popular way to get to work amongst Oceanfront occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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