Central Newport News Retail

Central Newport News

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,030
As of: August 16, 2017

Central Newport News Rates

The typical asking rate per listing is in the $10's per square foot per year. The Central Newport News submarket is going through a an increase in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% increase in rent.

Central Newport News Listing Supply

In the last 90 days, 21 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 157% of the listings in the Central 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 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 2,020 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1991 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 market. 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.

Market Report

Trends and status of the commercial real estate market in Central Newport News.
Market Report

Market Data

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