Newport Beach Retail

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
96
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
2,510
As of: March 29, 2017

Newport Beach Rates

On average, listings lease in the $50's per square foot per year. The Newport Beach submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $18 per sqft per year. That's a 49% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket 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, 96 listings have been made available, so you'll want to check back regularly for new listings. About 5% 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.

The standard measurement for office space in this area is around 2,220 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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