Real Estate

City of Newport News Quoted Lease Rates,

 

Direct Weighted Average Rental Rate*
Retail
$16.20
Industrial
General Industrial
$9.72
Office
Class A
$20.40
Class B
$15.42
*Rental rates reflect dollars per square foot per year
Source: Hampton Roads Statistical Digest

85.9

Construction Cost Index, 2020
U.S. Average is 100

Source: 2020 RSMeans Heavy Construction Cost Data Book