Virginia Lake Retail

Virginia Lake

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,500
As of: February 28, 2017

Virginia Lake Rates

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.

Virginia Lake Listing Supply

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.

Virginia Lake Community

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.

Market Report

Trends and status of the commercial real estate market in Virginia Lake.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Virginia Lake.
Research