Most listings are in the $10's per square foot per year. The Central Newport News region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 21 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 133% of the listings 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 2,020 sqft. Most buildings in this region are around 1 floors. Most buildings in this region 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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.