Most listings are in the $20's per square foot per year. The Central Newport News region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 18 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,350 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1991 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.