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% |
Coworking Spaces in California
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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.
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.
See reports for other markets
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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 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.