Great Neck Retail

Great Neck

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,510
As of: February 18, 2017

Great Neck Rates

The typical asking rate per listing is in the $20's per square foot per year. The Great Neck submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Virginia Beach market, the Great Neck submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Great Neck Listing Supply

In the last 90 days, 9 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,510 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1985 and are Class A.

Great Neck Community

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 market. Most of the residents 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.

Market Report

Trends and status of the commercial real estate market in Great Neck.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Great Neck.
Research