Newport Beach Office Space

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
74
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,600
As of: December 5, 2016

Newport Beach Rates

Most listings are in the $40's per square foot per year. The Newport Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Newport Beach Listing Supply

In the last 90 days, 88 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 floors. 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