On average, listings lease in the $10's per square foot per year. The Kempsville submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Virginia Beach market, the Kempsville region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have been posted online, which means leases most likley are 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 1,320 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1983 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 region. Commute by bike is the most popular way to get to work amongst Kempsville folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.