On average, listings lease in the $50's per square foot per year. The Newport East submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $34 per sqft per year. That's a 187% increase in rent.
Compared to the rest of the Greater Boston market, the Newport East region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 59 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Newport East are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,350 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1975 and are Class B.
Real time and historical data on commercial real estate listings in Newport East.
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