The typical asking rate per listing is in the $10's per square foot per year. The Central Newport News region is experiencing a an increase in rates. In the last 3 months, the median rate increased $19 per sqft per year.
In the last 90 days, 21 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 171% of the available leases in the Central Newport News are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,780 sqft. Most buildings in this area are close to 1 stories. 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 region. 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.