Costa Mesa Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $30.49 2024 Avg. Asking Rent
  • 12.53% 2024 Office Vacancy Rate

Costa Mesa office price per square foot in 2024 was $30.49 on average. The local office market recorded an average vacancy rate of 12.53% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

Costa Mesa, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Costa Mesa

Submarket Asking Rents Vacancy Rates
Costa Mesa $44.95 15.18%
Newport Center $37.93 6.19%
South Coast Metro $32.91 19.65%
John Wayne Airport $29.17 18.46%
Data provided by Yardi Research
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 12.53% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Costa Mesa was 6.19% in the Newport Center submarket, while the highest office vacancy in the market was 19.65%, recorded in South Coast Metro.

Office Spaces for Rent in California

Coworking Spaces in California

2024 Office Construction in Costa Mesa, CA

Largest Office Properties Recently Completed in Costa Mesa
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 - 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
Harbor Gateway Business Center - 1550 Scenic Avenue 1550 Scenic Avenue, 92626 54,631 1985

Worth noting among recent office completions on the Costa Mesa market is 3185, 3187 & 3189 Pullman Street, which is currently the largest new office development in the city, at 26,495 square feet.

Data provided by Yardi Research

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.