Kempsville Commercial Real Estate

Kempsville

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
500

Kempsville Rates

On average, listings lease in the $20's per square foot per year. The Kempsville region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% rise in rent.

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

Kempsville Listing Supply

In the last 90 days, 194 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Kempsville are subleases, so you will probably have to focus your search on direct office leases. 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 500 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1984 and are Class B.

Kempsville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Kempsville occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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