Newport Beach Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Newport Beach is $49.61 per square foot, 21.22% higher compared to the previous year.
  • The market’s vacancy rate stands at 11.03%, lower than the state average of California, which is 18.44%.

2025 Office Space Rent & Sales

  • $49.61 2025 Avg. Asking Rent
  • 21.22% Y-o-Y Avg. Asking Rent Change
  • 11.03% 2025 Office Vacancy Rate
  • $182.3M2025 Total Office Sales
  • $206.64Avg. Sale Price/SF

What is the average asking rent price for office space in Newport Beach?

Average asking rents for office space here stand at $49.61 per square foot. The local office market recorded an average vacancy rate of 11.03% in 2025, unchanged from 11.03% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $182.3M across 7 sales. These transactions commanded an average sale price per square foot of $206.64.

Newport Beach, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in Newport Beach?

  • Avg. Asking Rent Class A & A+$65.12
  • Avg. Asking Rent Class B$44.14

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Newport Beach, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Newport Beach was Newport Center at 3.20%. Meanwhile, the highest office vacancy rate in the market was 19.29%, recorded in Costa Mesa.
Submarket Asking Rents Vacancy Rates
Newport Center $51.35 3.20%
Costa Mesa $41.63 19.29%
John Wayne Airport $36.85 17.16%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $206.642025 Avg. Price per SF
  • $182.3M2025 Office Sales Volume
  • 72025 Number of Transactions

What is the average sale price per square foot for office space in Newport Beach?

Average sale prices for office space in this market recorded a -53.27% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $206.64 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Newport Beach, CA Sale Price per SF Trend

  • Newport Beach Avg. Sale Price per SF in 2025$206.64
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Newport Beach in 2025?

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $182.3M.

  • Newport Beach, CA Total Office Sales Volume in 2025 $182.3M
  • Newport Beach, CA Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Newport Beach, CA

What are the largest recent office completions in Newport Beach?

The largest recent office completion here is 520 Newport Center Drive at 326,000 square feet, completed in 2014. The next largest completions are Corporate Plaza East - 22 & 23 Corporate Plaza Drive and Newport Plaza.

Office building Address SF Completed
20 Corporate Plaza Dr 20 Corporate Plaza Dr, 92660 8,685 2015
520 Newport Center Drive 520 Newport Center Drive, 92660 326,000 2014
20162 SW Birch Street 20162 SW Birch Street, 92660 31,186 2004
The Bluffs Shopping Center 1300 Bison Avenue, 92660 50,000 2003
Bayview Business Park 20401 SW Birch Street, 92660 101,569 2001
Newport Plaza 895 Dove St., 92660 108,112 2000
Corporate Plaza West - 1200 Newport Center Drive 1200 Newport Center Drive, 92660 51,214 1999
Corporate Plaza East - 22 & 23 Corporate Plaza Drive 22 Corporate Plaza Drive, 92660 131,794 1998
Corporate Plaza East - 24 & 26 Corporate Plaza Drive 24 Corporate Plaza Drive, 92660 80,201 1998
7 Upper Newport Plaza Drive 7 Upper Newport Plaza Drive, 92660 19,362 1992
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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.