The typical asking rate per listing is in the $50's per square foot per year. The Newport Beach region is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 806 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Newport Beach are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1979 and are Class B.
Real time and historical data on commercial real estate listings in Newport Beach.
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