Most listings are in the $10's per square foot per year. The Central Newport News submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 21 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 129% of the office spaces in the Central 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 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 market are close to 1 stories. Most buildings in this area 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.