Newport Beach Industrial

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,540
As of: December 7, 2016

Newport Beach Rates

The typical asking rate per listing is in the $30's per square foot per year. The Newport Beach region is experiencing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 29% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Newport Beach Listing Supply

In the last 90 days, 75 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available space in the Newport Beach are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this market were built in 1979 and are Class A.

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 area. Commute by walking is the most popular way to get to work amongst Newport Beach folk. Commuting around an hour and a half 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 Beach.
Market Report

Market Data

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