Virginia Beach, a populous city located on the southeastern coast of Virginia, offers a unique blend of resort character and business opportunities. With miles of beaches, hotels, and restaurants along the oceanfront, it's an ideal location for a Retail Space For Lease. The city's rich history, dating back to the English colonists' first landing in 1607, is complemented by its modern infrastructure, including water and sewer services, electricity, natural gas distribution, and broadband internet. Virginia Beach is also home to various institutions like Virginia Wesleyan University, Regent University, and the U.S. headquarters of Stihl. The city hosts events like the East Coast Surfing Championships and Neptune Festival, attracting visitors from all over the country. With its strategic location at the mouth of the Chesapeake Bay and the Atlantic Ocean, Virginia Beach is an attractive destination for businesses and tourists alike.
With 85 Retail Space listings available For Lease, Virginia Beach offers a diverse range of opportunities for businesses. The average annual rent per square foot is $22 USD, with an average space size of 5,105 square feet. The maximum space size available is 60,000 square feet. In addition to Retail Space, Virginia Beach also offers other property types, such as Restaurants, Medical Offices, and Office Space. Restaurants can thrive in the city's vibrant oceanfront area, while Medical Offices can benefit from the presence of Sentara Virginia Beach General Hospital and Sentara Princess Anne Hospital. Office Space can take advantage of the city's modern infrastructure and proximity to major highways. With its unique blend of business and leisure opportunities, Virginia Beach is an ideal location for any business.
What is the average cost per square foot for retail space in Virginia Beach?
As of now, there are 85 available listings of Retail Space in Virginia Beach, with an average annual rent of $22 USD per square foot, and average space size of 5,105 square feet, making it an attractive option for businesses looking to establish a presence in this coastal city.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or grocery stores, can significantly impact surrounding retail space leases in Virginia Beach, where there are currently 85 available listings, by driving foot traffic and attracting customers to the area, thereby increasing the desirability and value of nearby retail spaces, which can lead to higher lease rates, with the average annual rent per square foot being $22 USD and average space size being 5,105 square feet, with a maximum space size of 60,000 square feet.
