Virginia Beach Retail

Virginia Beach

Office Space Market Report

Number of Listings (last 90 days)
117
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,540
As of: June 26, 2017

Virginia Beach Rates

The typical asking rate per listing is in the $20's per square foot per year. The Virginia Beach region is going through a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.

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

Virginia Beach Listing Supply

In the last 90 days, 117 listings have been made available, so you'll want to check back regularly for new listings. About 81% of the office spaces in the Virginia Beach 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 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 1,970 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 1986 and are Class B.

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