Compared to the rest of the Seattle Metropolitan Area market, the Newport region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 20 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the available space in the Newport are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1983 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Newport folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Newport.
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