Most listings are in the $50's per square foot per year. The Newport Heights submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 26% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Heights region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 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 market. Most of the residents 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.