On average, listings lease in the $20's per square foot per year. The Virginia Lake submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 12 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 42% of the office spaces in the Virginia Lake are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,500 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the residents of Virginia Lake work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.