Oceanfront Retail

Oceanfront

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,190
As of: August 17, 2017

Oceanfront Rates

Most listings are in the $30's per square foot per year. The Oceanfront region is seeing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 29% decrease in rent.

Compared to the rest of the Virginia Beach market, the Oceanfront region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Oceanfront Listing Supply

In the last 90 days, 8 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Oceanfront 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,190 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1962 and are Class A.

Oceanfront Community

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 area. Commute by bike is the most popular way to get to work amongst Oceanfront occupants. Commuting around an hour 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 Oceanfront.
Market Report

Market Data

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