Newport East Commercial Real Estate

Newport East

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$53
Median Size (sqft)
1,350

Newport East Rates

The typical asking rate per listing is in the $50's per square foot per year. The Newport East submarket is going through a a rise 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 higher rates, and you'll need to pay a premium to be in this hot submarket.

Newport East Listing Supply

In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Newport East 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 1,350 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1975 and are Class B.

Newport East Community

Market Data

Real time and historical data on commercial real estate listings in Newport East.
Research