Newport News, VA Commercial Real Estate for Lease and Sale

Explore 114 listings of Newport News commercial real estate to find the best space for your business.

Oceanside Tower

2 28th Street, North End Newport News, Newport News, VA
Property Type

Multi-Family
For Sale Contact for pricing

Build in 1973 / Property size 153,000 SF
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590 Gaston CT

590 Gaston CT, Bernard Village, Newport News, VA
Property Type

VacantLand
For Sale

$650,000
Property size 1.42 Acre
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11836 Canon Blvd

11836 Canon Blvd, Oyster Point City Center, Newport News, VA
Property Type

Industrial
For Lease

$11.25/SF/YR
1 space available / 2,000 SF
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Aldi Outparcel - Jefferson Ave

11975 Jefferson Ave, Wendwood, Newport News, VA
Property Type

Retail
For Sale Contact for pricing
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Turnberry Crossing

12638 Jefferson Ave, Newport News - Williamsburg Airport, Newport News, VA
Property Type

Retail
For Lease Contact for pricing

1 space available / 53,775 SF
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The Shoppes at Oyster Point

605-639 Pilot House Dr, Bernard Village, Newport News, VA
Property Type

Retail
For Lease Contact for pricing

1 space available / 3,500 SF
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Retail for Lease at City Center at Oyster Point

11820 Merchants Walk, Oyster Point City Center, Newport News, VA
Property Type

Retail
For Lease Contact for pricing

1 space available / 250,000 SF
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732 Thimble Shoals Blvd #303

732 Thimble Shoals Blvd, Bernard Village, Newport News, VA
Property Type

Office
For Sale

$142,500
Build in 1986 / Property size 979 SF
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703 Industrial Park Dr

703 Industrial Park Dr, The Forest, Newport News, VA
Property Type

Industrial
For Lease Contact for pricing

1 space available / 5,320 SF
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755 Thimble Shoals Blvd

755 Thimble Shoals Blvd, Sierra Park, Newport News, VA
Property Type

Office
For Lease

$12.00/SF/YR
1 space available / 2,162 SF
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Newport News commercial real estate market incorporates 984,350 square feet of office space across 49 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Newport News, the coworking segment of the commercial real estate market incorporates about 1,350 square feet.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Newport News commercial real estate market includes 1,838,336 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Newport News market, there is a total of 204,031 square feet of industrial property.
The listing inventory in Newport News incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Newport News is represented by Retail space, which accounts for 751,584 square feet of available listings. Office space available in Newport News adds up to 355,770 square feet.

Meanwhile, most of the listings of commercial property for sale in Newport News are in the Office category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Newport News is $16.41 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Newport News can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $17.36 per square foot, industrial space in Newport News saw average rents of $9.17 per square foot.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Newport News, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Newport News is in the Oyster Point City Center neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Oyster Point City Center area.

Meanwhile, retail space opportunities are most abundant in the Turnberry submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Oyster Point City Center.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21.5 per square foot. In particular, the property type commanding the highest lease rates in Newport News was Retail space.

Conversely, the highest sale price last year was $4,025,000 that is located at 601 Thimble Shoals Blvd.
The average size of a commercial property in Newport News depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Newport News, the average size of an office property is 28,125 square feet.
- Retail properties here incorporate an average of 76,598 square feet.
- Industrial space in Newport News is in buildings that are, on average 20,404 square feet in size.

Newport News, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Newport News currently add up to 1,461,604 square feet. The market offers 36 active office listing(s), which amount to 355,770 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 742,711 square feet across 27 retail space(s). Industrial space for rent opportunities in Newport News amount to 60,818 square feet across a total of 11 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	36	355,770
Retail	27	742,711
Industrial	11	60,818
Other	3	302,305

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Newport News, VA. Currently, there is 294,755 square feet of commercial property for sale here , which includes 12 office building(s) for sale , 11 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	12	36,540
Retail	11	88,804
Industrial	1	9,906
Other	15	159,505

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Newport News, VA Commercial Real Estate for Lease and Sale

Oceanside Tower

590 Gaston CT

11836 Canon Blvd

Aldi Outparcel - Jefferson Ave

Turnberry Crossing

The Shoppes at Oyster Point

Retail for Lease at City Center at Oyster Point

732 Thimble Shoals Blvd #303

703 Industrial Park Dr

755 Thimble Shoals Blvd

Frequently Asked Questions

Newport News, VA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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