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)
1,780
As of: June 24, 2017

Central Newport News Rates

Most listings are in the $10's per square foot per year. The Central Newport News region is seeing a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year.

Central Newport News Listing Supply

In the last 90 days, 21 listings have come on the market, 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 around 1 stories. Most buildings in this area 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 folk. 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