The typical asking rate per listing is in the $10's per square foot per year. The Little Neck submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Virginia Beach market, the Little Neck region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1999 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 region. Most of the residents of Little Neck work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.