On average, listings lease in the $20's per square foot per year. The Great Neck region is going through a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Virginia Beach market, the Great Neck region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 8 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Great Neck are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, 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 stories. Most buildings in this market were built in 1999 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Great Neck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.