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 a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 29% rise in rent.
In the last 90 days, 363 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings 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 2,030 sqft. Most properties in this area are around 1 floors. Most buildings in this market 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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