Central Newport News Commercial Real Estate

12350 Jefferson Ave - Unit 160 Newport News, rental rate negotiable
Aug 28
2,040
sqft
Office
12350 Jefferson Ave - 2 Spaces Newport News, 10’6” ceiling height
Jul 01
2,370 - 3,400
sqft
Office
350 Oyster Point Rd - 2 Spaces Wendwood, Newport News, VA  
May 31
1,400 - 9,000
sqft
Retail

Central Newport News

Market Report

Number of Listings
Posted in the last 90 days
17
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,040

Central Newport News Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Newport News submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 12% rise in rent.

Central Newport News Listing Supply

In the last 90 days, 363 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the Central Newport News are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,220 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 1990 and are Class B.

Central Newport News Community

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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Newport News.
Research