Costa Mesa Office Rent Price & Sales Report

2022 Office Space Rent & Sales

  • $32.45 2022 Avg. Asking Rent
  • 14.56% 2022 Office Vacancy Rate

Costa Mesa office price per square foot in 2022 was $32.45 on average. The local office market recorded an average vacancy rate of 14.56% across all asset classes combined.

Average Rent by Office Class

2022 Average Office Rent per Square Foot

  • Costa Mesa Class A & A+ Office Space$42.05
  • Costa Mesa Class B Office Space$32.12
  • California Class A & A+ Office Space$59.32
  • California Class B Office Space$37.75
  • California Class C Office Space$25.55

Costa Mesa, CA Office Asking Rents by Class

2022 Office Vacancy Rates in Costa Mesa

Submarket Asking Rents Vacancy Rates
Costa Mesa $47.55 19.49%
Newport Center $45.00 4.51%
John Wayne Airport $34.23 21.10%
South Coast Metro $31.06 19.58%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Costa Mesa market was 14.56% in 2022. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Costa Mesa was 4.51% in the Newport Center submarket, while the highest office vacancy in the market was 21.10%, recorded in John Wayne Airport.

Office Spaces for Rent in California

Coworking Spaces in California

2022 Office Construction in Costa Mesa, CA

  • Costa Mesa, CA Total SF completed in 2022 380,856
  • Costa Mesa, CA Total SF under construction in 2023 190,000

During 2022, 380,856 square feet of new office space were delivered across the market. At the close of 2022, the Costa Mesa office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 380,856 square feet of office space. Looking forward, development activity throughout 2023 is estimated to add 190,000 square feet of office space to the market, before year-end.

Largest Office Properties Recently Completed in Costa Mesa
Office building Address SF Completed
Pacific Medical Plaza 1640 Newport Boulevard, 92627 76,880 2007
Redhill Business Center 3185-3189 Pullman Street, 92626 26,495 2005
Redhill Business Center 3185-3189 Pullman Street, 92626 26,495 2005
Hive - Buildings A & B 3333 South Susan Street, 92626 82,158 2004
Plaza Tower 600 Anton Blvd., 92626 456,384 1991
Metro Pointe Business Center - 959 South Coast Drive 959 South Coast Drive, 92626 82,875 1990
Canvas South - 3090 Bristol Street 3090 Bristol Street, 92626 121,692 1989
Canvas North 3100 Bristol Street, 92626 166,887 1987
For Sale or For Lease 3525 Hyland Avenue, 92626 46,960 1987
For Sale or For Lease 3525 Hyland Avenue, 92626 46,960 1987

Worth noting among recent office completions on the Costa Mesa market is Pacific Medical Plaza, which is currently the largest new office development in the city, at 76,880 square feet.

Data provided by Commercial Edge

See reports for other markets

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Costa Mesa commercial properties sized 25,000 square feet or larger.

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 CommercialEdge can guarantee that the information provided is complete.