The typical asking rate per listing is in the $20's per square foot per year. The Kempsville region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Virginia Beach market, the Kempsville submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 211% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,690 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1984 and are Class B.
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 area. Commute by bike is the most popular way to get to work amongst Kempsville folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.