2020 Office Space Rent & Sales
- $36.06 2020 Avg. Asking Rent
- 16.10% 2020 Office Vacancy Rate
Costa Mesa office price per square foot in 2020 was $36.06 on average. The local office market recorded an average vacancy rate of 16.10% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Costa Mesa Class A Office Space$35.09
- Costa Mesa Class B Office Space$36.59
- Costa Mesa Class C Office Space$23.84
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Costa Mesa, CA Office Asking Rents by Class
Average office rent in Costa Mesa rested at $36.06 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Costa Mesa averaged $35.09 per square foot. Across all submarkets, class B office space recorded an average asking rent of $36.59 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $23.84 per square foot, on average. Comparably, statewide California average office rents by class in 2020 were: $55.92 per square foot for class A office space; $35.12 per square foot for class B office space; $23.50 per square foot for class C office space.
2020 Office Vacancy Rates in Costa Mesa
|Submarket||Asking Rents||Vacancy Rates|
|Costa Mesa||$38.14||26.98 %|
|South Coast Metro||$36.30||13.44 %|
|John Wayne Airport||$32.47||19.25 %|
2020 Office Construction in Costa Mesa, CA
- Costa Mesa, CA Total Sqft completed in 2020
- Costa Mesa, CA Total Sqft under construction in 2021 380,856
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Costa Mesa office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 380,856 square feet of office space to the market, before year-end.
|Hive - Building C||3333 South Susan Street, 92626||101,831||2004|
|Hive - Buildings A & B||3333 South Susan Street, 92626||82,158||2004|
|Experian Corporate Headquarters||475 Anton Blvd, 92626||310,000||2002|
|275 McCormick Avenue||275 McCormick Avenue, 92626||43,163||2001|
|Red Hill Corporate Center||275 McCormick Avenue, 92626||43,163||2001|
|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|
|Hyland Plaza||3525 Hyland Avenue, 92626||46,957||1989|
|Canvas North||3100 Bristol Street, 92626||176,204||1987|
|Canvas South - 3070 Bristol Street||3070 Bristol Street, 92626||128,754||1986|
Worth noting among recent office completions on the Costa Mesa market is Hive - Building C, which is currently the largest new office development in the city, at 101,831 square feet.
See reports for nearby 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.