Newport Center Sublease

Newport Center

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
5,500
As of: February 19, 2017

Newport Center Rates

Compared to the rest of the Metropolitan Los Angeles market, the Newport Center submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Newport Center Listing Supply

In the last 90 days, 12 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the available space in the Newport Center 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 7 floors. Most buildings in this area were built in 1982 and are Class A.

Newport Center Community

Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Newport Center residents. Commuting around 30 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 Center.
Market Report

Market Data

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