Newport Beach Commercial Real Estate For Lease

107 Palm St - Entire Building Balboa Peninsula Point, Newport Beach, CA  
Oct 31
9,590
sqft
Mixed Use Office Retail Restaurant

Newport Beach

Market Report

Number of Listings For Lease
Posted in the last 90 days
126
Median Rate ($/sqft/yr)
$62
Median Size (sqft)
790

Newport Beach Commercial Real Estate

Find Newport Beach commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Newport Beach commercial real estate broker in Newport Beach's Top Broker Directory. Learn about Newport Beach commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Newport Beach Rates

The typical asking rate per commerial real estate listing leases is in the $60's per square foot per year. The Newport Beach region is experiencing a a rise in rates. In the last 3 months, the median rate for lease rose $8 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Newport Beach region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.

Newport Beach Listing Supply

In the last 90 days, 856 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Newport Beach are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 2,320 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built approximately 1979 and are Class B.

Newport Beach Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Newport Beach residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

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