Little Neck Office Space

Little Neck

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,220
As of: February 21, 2017

Little Neck Rates

The typical asking rate per listing is in the $20's per square foot per year. The Little Neck submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 38% increase in rent.

Compared to the rest of the Virginia Beach market, the Little Neck region has higher rates, and you'll need to pay a premium to be in this hot region.

Little Neck Listing Supply

In the last 90 days, 16 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Little Neck are subleases, so you will probably have to focus your search on direct office leases. 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 3,220 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1995 and are Class A.

Little Neck 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 market. Most of the folk 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.

Market Report

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

Market Data

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