Most listings are in the $20's per square foot per year. The Great Neck submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 67% increase in rent.
Compared to the rest of the Virginia Beach market, the Great Neck region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been made available, which means spaces 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of Great Neck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.