Compared to the rest of the Metropolitan Los Angeles market, the Newport Center submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 44 listings have come on the market, so you'll want to check back regularly for new listings. About 39% of the listings in the Newport Center are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,140 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 7 stories. Most buildings in this market were built in 1981 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Newport Center folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.