2020 Office Space Rent & Sales
- $38.55 2020 Avg. Asking Rent
- -2.26% Y-o-Y Avg. Asking Rent Change
- 11.89% 2020 Office Vacancy Rate
Newport Beach office price per square foot in 2020 was $38.55 on average. This marked a -2.26% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.89% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Newport Beach Class A Office Space$38.43
- Newport Beach Class B Office Space$38.69
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Newport Beach, CA Office Asking Rents by Class
2020 Office Vacancy Rates in Newport Beach
|Submarket||Asking Rents||Vacancy Rates|
|John Wayne Airport||$36.74||17.29%|
2020 Office Construction in Newport Beach, CA
- Newport Beach, CA Total SF completed in 2020 29,991
During 2020, 29,991 square feet of new office space were delivered across the market. At the close of 2020, the Newport Beach office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 29,991 square feet of office space.
|Newport Harbor Medical Plaza||330 Old Newport Blvd, 92663||29,991||2020|
|Newport Heights Medical Campus||20350 SW Birch Street, 92660||64,000||2017|
|650 Newport Center Drive||650 Newport Center Drive, 92660||380,000||2014|
|520 Newport Center Drive||520 Newport Center Drive, 92660||326,000||2014|
|Google Center - 19510 Jamboree||19510 Jamboree Road, 92612||108,696||2014|
|Google Center - 19500 Jamboree||19500 Jamboree Road, 92612||210,280||2006|
|680 Newport Center Drive||680 Newport Center Drive, 92660||55,065||2005|
|Acacia Atrium||20280 SW Acacia Street, 92660||30,531||2003|
|Birch Bayview Plaza - 20377 SW Acacia Street||20377 SW Acacia Street, 92660||25,918||2003|
|Bayview Business Park||20401 SW Birch Street, 92660||101,569||2001|
Worth noting among recent office completions on the Newport Beach market is Newport Harbor Medical Plaza, which is currently the largest new office development in the city, at 29,991 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 Newport Beach 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.