2024 Office Space Rent & Sales
- $17.36 2024 Avg. Asking Rent
- 12.39% 2024 Office Vacancy Rate
Newport News office price per square foot in 2024 was $17.36 on average. The local office market recorded an average vacancy rate of 12.39% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$35.61
- Virginia Class B Office Space$25.93
- Virginia Class C Office Space$20.32
Newport News, VA Office Asking Rents by Class
Office Spaces for Rent in Virginia
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2024 Office Construction in Newport News, VA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2800 Washington Avenue | 2800 Washington Avenue, 23607 | 80,080 | 2025 |
| Beacon One | 2 BayPort Way, 23606 | 56,400 | 2018 |
| 11234 Jefferson Ave | 11234 Jefferson Ave, 23601 | 12,000 | 2010 |
| 11719 Jefferson Avenue | 11719 Jefferson Avenue, 23606 | 22,000 | 2008 |
| 12610 Patrick Henry Dr #C | 12610 Patrick Henry Dr, 23602 | 1,433 | 2008 |
| Turner Building | 200 Nat Turner Blvd, 23606 | 3,889 | 2007 |
| Oyster Point | 675 Town Center Dr, 23606 | 1,200 | 2004 |
| Tower Park | 735 Thimble Shoals Blvd, 23606 | 33,000 | 1999 |
| 704 City Center Blvd | 704 City Center Blvd, 23606 | 21,319 | 1998 |
| Freestanding Medical Office Condo For Sale or Lease | 704 Thimble Shoals Blvd, 23606 | 4,726 | 1997 |
Worth noting among recent office completions on the Newport News market is 2800 Washington Avenue, which is currently the largest new office development in the city, at 80,080 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Newport News commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.