On average, listings lease in the $20's per square foot per year. The Holland region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Virginia Beach market, the Holland region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 69% of the listings in the Holland 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,810 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Holland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.