Newport Sublease

Newport

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
820
As of: July 27, 2017

Newport Rates

On average, listings lease in the $30's per square foot per year. The Newport region is seeing a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 30% rise in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Newport submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Newport Listing Supply

In the last 90 days, 0 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available space 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 available, 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 market are close to 1 floors. Most buildings in this region 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 region. 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