Highlights
- The average rent for office space in Virginia Beach is $24.37 per square foot, 9.25% higher compared to the previous year.
- The market’s vacancy rate stands at 11.87%, lower than the state average of Virginia, which is 16.76%.
- Renting Class A/A+ office space here costs $29.36 per square foot, while Class B averages $23.12 and Class C stands at $16.00.
2025 Office Space Rent & Sales
- $24.37 2025 Avg. Asking Rent
- 9.25% Y-o-Y Avg. Asking Rent Change
- 11.87% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Virginia Beach?
Average asking rents for office space here stand at $24.37 per square foot. The local office market recorded an average vacancy rate of 11.87% in 2025, unchanged from 11.87% in 2024.
Virginia Beach, VA Office Asking Rents by Class
What is the average office rent per square foot by property class in Virginia Beach?
- Avg. Asking Rent Class A & A+$29.36
- Avg. Asking Rent Class B$23.12
- Avg. Asking Rent Class C$16.00
The average asking rent for Class A and A+ office space stood at $29.36 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Virginia Beach averaged $23.12 per square foot, while the average for Class C space was $16.00 per square foot.
What is the average office rent per square foot by property class in VA?
- Avg. Asking Rent Class A & A+$35.10
- Avg. Asking Rent Class B$27.59
- Avg. Asking Rent Class C$19.12
For comparison, the average rent for Class A and A+ office space in Virginia was $35.10 per square foot. The state-wide average for Class B space was $27.59 per square foot, and Class C office spaces averaged $19.12 per square foot.
Office Construction in Virginia Beach, VA
What are the largest recent office completions in Virginia Beach?
The largest recent office completion here is Convergence Center III at 99,000 square feet, completed in 2008. The next largest completions are Convergence Center IV and Convergence Center V.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4753 Virginia Beach Blvd | 4753 Virginia Beach Blvd, 23462 | 4,200 | 2025 |
| 125 Independence Blvd | 125 Independence Blvd, 23462 | 3,500 | 2025 |
| 1988 Fisher Arch | 1988 Fisher Arch, 23456 | 21,600 | 2024 |
| Oceanfront Sublease Opportunity | 408 Laskin Rd, 23451 | 14,912 | 2020 |
| Convergence Center V | 200 Bendix Road, 23452 | 50,000 | 2015 |
| Lynnhaven Executive Park | 2610 Potters Rd, 23452 | 18,394 | 2011 |
| Convergence Center IV | 301 Bendix Road, 23452 | 89,000 | 2009 |
| Convergence Center III | 272 Bendix Road, 23452 | 99,000 | 2008 |
| 800 Laskin Road | 800 Laskin Rd, 23451 | 5,551 | 2007 |
| The Gallery I | 5712 Cleveland Street, 23462 | 30,000 | 2006 |
See reports for other markets
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- Arlington Office Rent Price
- Henrico Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.