Commercial Real Estate Listings in Newport News, VA
The Newport News real estate market has a lot to offer.
You will find that Retail space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Office space accounts for the second-largest share of listings on the market.
Type
No. of Listings
Space Available
Office
34
701,739 Sq. Ft.
Retail
33
1,698,005 Sq. Ft.
Industrial
9
207,972 Sq. Ft.
Office
26.91%
Retail
65.11%
Industrial
7.98%
Top Locations for Commercial Space in Newport News, VA
Depending on the type of space that you’re looking for, different areas of Newport News may suit your needs differently.
The city’s Oyster Point City Center neighborhood has the highest concentration of CRE listings, offering 35 availabilities on the market.
The Wendwood neighborhood is home to the second-largest number of leasing opportunities — 13 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Oyster Point City Center.
Neighborhood with most CRE Listings
No. of Spaces
Oyster Point City Center
35
Wendwood
13
Turnberry
9
Neighborhood with most Office Listings
No. of Spaces
Oyster Point City Center
32
Port Warwick
7
Wendwood
6
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Snidow area is the local Newport News submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Newport News, you’ll find the most such opportunities for lease to be in Turnberry.
Neighborhood with most Industrial Listings
No. of Spaces
Snidow
2
The Forest
2
Oyster Point City Center
2
Neighborhood with most Retail Listings
No. of Spaces
Turnberry
9
Wendwood
6
Courthouse Green
5
Commercial Real Estate for Sale in Newport News, VA
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer.
There are currently 115,578 square feet of commercial property for sale in Newport News.
The largest investment opportunity on the local market offers 36,185 square feet of earning potential.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Newport News, VA
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
11975 Jefferson Ave, Wendwood, Newport News, VA