Newport Beach Office Space

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
96
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,590
As of: July 21, 2017

Newport Beach Rates

On average, listings lease in the $60's per square foot per year. The Newport Beach region is experiencing a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket 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, 96 listings have been posted online, so you'll want to check back regularly for new listings. About 66% of the available leases in the Newport Beach 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,300 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1980 and are Class B.

Newport Beach Community

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