The typical asking rate per listing is in the $20's per square foot per year. The Central Newport News region is going through a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 46% rise in rent.
In the last 90 days, 363 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Central Newport News are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this market are around 1 stories. Most buildings in this region were built in 1990 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Central Newport News residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Newport News.
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