Newport Retail

Newport

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
820
As of: August 16, 2017

Newport Rates

Compared to the rest of the Seattle Metropolitan Area market, the Newport submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Newport Listing Supply

In the last 90 days, 0 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Newport are subleases, so you might be able to find a shorter term or below market rent. 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 820 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1983 and are Class A.

Newport Community

A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Newport occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Newport.
Market Report

Market Data

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