Little Neck Office Space

Little Neck

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
7,480
As of: June 24, 2017

Little Neck Rates

The typical asking rate per listing is in the $30's per square foot per year. The Little Neck region is going through a a rise in rates. In the last 3 months, the median rate increased $31 per sqft per year.

Compared to the rest of the Virginia Beach market, the Little Neck region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Little Neck Listing Supply

In the last 90 days, 15 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the listings in the Little Neck are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,480 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1979 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 area. Most of the folk of Little Neck work from home. 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 Little Neck.
Market Report

Market Data

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