The typical asking rate per listing is in the $10's per square foot per year. The Newport News submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 35 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 143% of the available leases in the Newport News 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.
The standard measurement for office space in this area is around 1,860 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1988 and are Class B.