Virginia Lake Retail

Virginia Lake

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Virginia Lake Rates

On average, listings lease in the $10's per square foot per year. The Virginia Lake region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 27% decrease in rent.

Virginia Lake Listing Supply

In the last 90 days, 39 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Virginia Lake are subleases, so you will probably have to consider a longer term lease. 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 1,910 sqft. Most properties in this market are around 2 floors. Most buildings in this region 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 occupants 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.