Most listings are in the $20's per square foot per year. The Downtown Newport News submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.
In the last 90 days, 1 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 1,400% of the listings in the Downtown Newport News are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 10 floors. Most buildings in this market were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Newport News occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.