Newport Beach Sublease

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
95
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,740
As of: February 26, 2017

Newport Beach Rates

Most listings are in the $40's per square foot per year. The Newport Beach region is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 32% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has more expensive 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, 51 listings have been posted online, so you'll want to check back regularly for new listings. About 22% of the available leases 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,840 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 stories. 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