Central Newport News Sublease

Central Newport News

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,020
As of: July 21, 2017

Central Newport News Rates

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.

Central Newport News Listing Supply

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.

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 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.

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