Newport Beach Sublease

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
87
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,240
As of: September 27, 2016

Newport Beach Rates

The typical asking rate per listing is in the $50'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 increased $8 per sqft per year. That's a 17% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Newport Beach Listing Supply

In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Newport Beach are subleases, so you will probably have to focus your search on direct office leases. 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 2,240 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1980 and are Class B.

Newport Beach Community