On average, listings lease in the $0's per square foot per year. The Lakes of Newport region is going through a decline in rates. In the last 3 months, the median rate fell $26 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been posted online, which means listings 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.
The standard measurement for office space in this area is around sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lakes of Newport occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.