Commercial Real Estate Market in Newport News, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
232 active listings and 4,431 off-market properties in Newport News, VA. Commercial property asks $137/SF to buy and $45.78/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 August 2026.
Office
Office space in Newport News, VA asks $133/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Newport News, VA asks $158/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Newport News, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Newport News, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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.
189,597
Population
83,428
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
92%
High-School Grad
69.7 sq mi
ZIP Area
2,719
Density / Sq Mi
$65,916
Median Household Income
$41,030
Median Earnings
$1,299
Median Rent
$240,457
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hampton | — | $18.15 |
| Carrollton | — | — |
| Fleet | — | — |
| Rescue | — | — |
Commercial property in Newport News, VA asks $137/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newport News?
Commercial property in Newport News, VA asks an average of $137 per square foot. The 8 most recent recorded sales traded at a median of $128/SF, so asking sits 7% above the achieved median. Retail carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Newport News?
Asking lease rates in Newport News, VA average $45.78 per square foot per year.
Where does Realmo's Newport News market data come from?
Realmo compiles Newport News, VA figures from 8 recent recorded sales, 135 active sale listings, 97 active lease listings, 4,431 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 135 active for-sale and 97 active for-lease listings in Newport News, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
