West Newport Beach Sublease

West Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
2,840
As of: January 23, 2017

West Newport Beach Rates

The typical asking rate per listing is in the $40's per square foot per year. The West Newport Beach submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $45 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the West Newport Beach submarket has greater rates, and you'll need to pay a premium to be in this hot region.

West Newport Beach Listing Supply

In the last 90 days, 1 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the West Newport Beach are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1975 and are Class B.

West Newport Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst West Newport Beach 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 West Newport Beach.
Market Report

Market Data

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