Great Neck Sublease

Great Neck

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Great Neck Rates

The typical asking rate per listing is in the $20's per square foot per year. The Great Neck region is going through a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 67% rise in rent.

Compared to the rest of the Virginia Beach market, the Great Neck region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Great Neck Listing Supply

In the last 90 days, 12 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,400 sqft. Most properties in this region are around 2 floors. Most buildings in this area 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 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.

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.