The typical asking rate per listing is in the $50's per square foot per year. The Newport Heights submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Heights submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Newport Heights work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.