Most listings are in the $30's per square foot per year. The Little Neck submarket is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the Virginia Beach market, the Little Neck region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Little Neck are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1995 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the residents of Little Neck work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.