Great Neck Sublease

Great Neck

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,500
As of: June 21, 2017

Great Neck Rates

On average, listings lease in the $20's per square foot per year. The Great Neck submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Virginia Beach market, the Great Neck region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Great Neck Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 75% of the available space in the Great Neck 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 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 2,500 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1999 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 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