Costa Mesa Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Costa Mesa is $27.87 per square foot, 8.58% lower compared to the previous year.
  • The average sale price for office space in Costa Mesa is $450.80 per square foot, marking an increase of 50.11% compared to 2024.
  • The market’s vacancy rate stands at 16.77%, lower than the state average of California, which is 18.44%.

2025 Office Space Rent & Sales

  • $27.87 2025 Avg. Asking Rent
  • -8.58% Y-o-Y Avg. Asking Rent Change
  • 16.77% 2025 Office Vacancy Rate
  • $147.6M2025 Total Office Sales
  • $450.80Avg. Sale Price/SF

What is the average asking rent price for office space in Costa Mesa?

Average asking rents for office space here stand at $27.87 per square foot. The local office market recorded an average vacancy rate of 16.77% in 2025, unchanged from 16.77% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $147.6M across 5 sales. These transactions commanded an average sale price per square foot of $450.80.

Costa Mesa, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Costa Mesa, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Costa Mesa was Newport Center at 3.20%. Meanwhile, the highest office vacancy rate in the market was 19.29%, recorded in Costa Mesa.
Submarket Asking Rents Vacancy Rates
Newport Center $51.35 3.20%
Costa Mesa $41.63 19.29%
John Wayne Airport $36.85 17.16%
South Coast Metro $28.61 16.27%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $450.802025 Avg. Price per SF
  • $147.6M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Costa Mesa?

Average sale prices for office space in this market recorded a +50.11% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $450.80 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Costa Mesa, CA Sale Price per SF Trend

  • Costa Mesa Avg. Sale Price per SF in 2025$450.80
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Costa Mesa in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $147.6M.

  • Costa Mesa, CA Total Office Sales Volume in 2025 $147.6M
  • Costa Mesa, CA Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

Office Construction in Costa Mesa, CA

What are the largest recent office completions in Costa Mesa?

The largest recent office completion here is Metro Pointe Business Center - 949 South Coast at 121,043 square feet, completed in 1986. The next largest completions are Metro Pointe Business Center - 959 South Coast Drive and Metro Pointe Business Center - 940 & 950 South Coast Drive.

Office building Address SF Completed
3185, 3187 & 3189 Pullman Street 3185, 3187 & 3189 Pullman Street, 92626 26,495 2005
1124 Bristol St 1124 Bristol St, 92626 13,103 2003
1120 Bristol St 1120 Bristol St, 92626 11,952 2003
1120 Bristol St 1120 Bristol St, 92626 11,952 2003
Metro Pointe Business Center - 959 South Coast Drive 959 South Coast Drive, 92626 82,875 1990
Metro Pointe Business Center - 949 South Coast 949 South Coast Drive, 92626 121,043 1986
Metro Pointe Business Center - 940 & 950 South Coast Drive 940 South Coast Drive, 92626 72,566 1986
Harbor Gateway Business Center - 1580 & 1590 Corporate Drive 1580 Corporate Drive, 92626 28,215 1986
2729 Bristol St 2729 Bristol St, 92626 18,000 1986
Harbor Gateway Business Center - 1540 Scenic Avenue 1540 Scenic Avenue, 92626 60,000 1985
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.