Newport Beach Office Space

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
2,120
As of: March 11, 2017

Newport Beach Rates

Most listings are in the $50's per square foot per year. The Newport Beach submarket is going through a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 45% rise 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 region.

Newport Beach Listing Supply

In the last 90 days, 105 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the listings in the Newport Beach are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1979 and are Class B.

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 region. Commute by walking is the most popular way to get to work amongst Newport Beach folk. Commuting close to 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