Virginia Beach Retail

Virginia Beach

Office Space Market Report

Number of Listings (last 90 days)
118
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,570
As of: March 1, 2017

Virginia Beach Rates

On average, listings lease in the $20's per square foot per year. The Virginia Beach submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Virginia Beach market, the Virginia Beach submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Virginia Beach Listing Supply

In the last 90 days, 121 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available space in the Virginia Beach are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,440 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1985 and are Class A.

Virginia Beach Community

Market Report

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

Market Data

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