Kempsville Industrial

Kempsville

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,200
As of: March 29, 2017

Kempsville Rates

Most listings are in the $10's per square foot per year. The Kempsville submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $67 per sqft per year. That's a 77% decrease in rent.

Compared to the rest of the Virginia Beach market, the Kempsville submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Kempsville Listing Supply

In the last 90 days, 9 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1983 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 region. Commute by bike is the most popular way to get to work amongst Kempsville occupants. Commuting close to 20 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 Kempsville.
Market Report

Market Data

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