Newport Beach Office Space

Newport Beach

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,610

Newport Beach Rates

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.

Newport Beach Listing Supply

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.

Newport Beach Community

Market Data

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