Kempsville Office Space

Kempsville

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,970
As of: June 25, 2017

Kempsville Rates

The typical asking rate per listing is in the $20's per square foot per year. The Kempsville region is going through a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Compared to the rest of the Virginia Beach market, the Kempsville region 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, 9 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 133% of the listings in the Kempsville 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,970 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market 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 region. 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 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