Newport Beach Sublease

Newport Beach

Office Space Market Report

Number of Listings (last 90 days)
88
Median Rate ($/sqft/yr)
$50
Median Size (sqft)
2,880
As of: December 3, 2016

Newport Beach Rates

On average, listings lease in the $40's per square foot per year. The Newport Beach submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 13% decrease 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, 97 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Newport Beach are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. 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