Commercial Real Estate Market in Newport News, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
163 active listings and 4,431 off-market properties in Newport News, VA. Commercial property asks $144/SF to buy and $15.39/SF/Yr to lease.
Market Trends
Newport News, VA spans 69.7 square miles in Newport News County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Newport News, VA has a median asking sale price of $139/SF (based on 8 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Newport News, VA has a median asking sale price of $128/SF (based on 6 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Newport News, VA has a median asking sale price of $99/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Newport News, VA has a median asking sale price of $192/SF (based on 7 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Newport News, VA has 189,597 residents in 83,428 households. Density runs 2,719 people per square mile. Median household income here is $65,916 and median gross rent $1,299 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Newport News?
How much does it cost to lease commercial space in Newport News?
Where does Realmo's Newport News market data come from?
Methodology & data sources
- Asking prices and medians
- There are 69 active for-sale and 94 active for-lease listings in Newport News, VA. The medians are based on 29 of the for-sale and 19 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
