2022 Office Space Rent & Sales
- $39.72 2022 Avg. Asking Rent
- 2.69% Y-o-Y Avg. Asking Rent Change
- 14.24% 2022 Office Vacancy Rate
Newport Beach office price per square foot in 2022 was $39.72 on average. This marked a +2.69% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.24% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Newport Beach Class A & A+ Office Space$75.28
- Newport Beach Class B Office Space$33.65
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Newport Beach, CA Office Asking Rents by Class
2022 Office Vacancy Rates in Newport Beach
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Costa Mesa | $47.55 | 19.49% |
| Newport Center | $45.00 | 4.51% |
| John Wayne Airport | $34.23 | 21.10% |
Office Spaces for Rent in California
- Los Angeles Office Space
- East Bay Office Space
- San Diego Office Space
- San Francisco Office Space
- San Jose Office Space
- Sacramento Office Space
- Irvine Office Space
- Fresno Office Space
- Sunnyvale Office Space
- Oakland Office Space
- Palo Alto Office Space
- Santa Clara Office Space
- Mountain View Office Space
- Santa Monica Office Space
- Redwood City Office Space
Coworking Spaces in California
- Los Angeles Coworking Space
- San Francisco Coworking Space
- San Diego Coworking Space
- East Bay Coworking Space
- Irvine Coworking Space
- Sacramento Coworking Space
- Oakland Coworking Space
- San Jose Coworking Space
- Newport Beach Coworking Space
- Long Beach Coworking Space
- Beverly Hills Coworking Space
- Carlsbad Coworking Space
- Glendale Coworking Space
- Pasadena Coworking Space
- Santa Monica Coworking Space
- Palo Alto Coworking Space
- Berkeley Coworking Space
- Thousand Oaks Coworking Space
- Torrance Coworking Space
- Fresno Coworking Space
- Santa Ana Coworking Space
- Santa Barbara Coworking Space
- Costa Mesa Coworking Space
- Ontario Coworking Space
- San Mateo Coworking Space
- El Segundo Coworking Space
- Orange Coworking Space
- Temecula Coworking Space
- Walnut Creek Coworking Space
2022 Office Construction in Newport Beach, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Newport Medical Landing | 4301 & 4321 Birch St, 92660 | 23,729 | 2020 |
| Newport Medical Landing | 4301 & 4321 Birch St, 92660 | 23,729 | 2020 |
| 520 Newport Center Drive | 520 Newport Center Drive, 92660 | 326,000 | 2014 |
| 680 Newport Center Drive | 680 Newport Center Drive, 92660 | 55,065 | 2005 |
| 20162 SW Birch St. | 20162 SW Birch St., 92660 | 31,186 | 2004 |
| 20280 Acacia St. | 20280 Acacia St., 92660 | 27,369 | 2003 |
| Hoag Health Center Newport Beach | 520 Superior Ave, 92663 | 113,285 | 2001 |
| Newport Plaza | 895 Dove Street, 92660 | 107,472 | 2000 |
| 888 San Clemente | 888 San Clemente Drive, 92660 | 98,247 | 2000 |
| Corporate Plaza West - 1400 & 1600 Newport Center Drive | 1400 Newport Center Drive, 92660 | 91,417 | 1999 |
Worth noting among recent office completions on the Newport Beach market is Newport Medical Landing, which is currently the largest new office development in the city, at 23,729 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Diego Office Rent Price
- San Francisco Office Rent Price
- San Jose Office Rent Price
- Sacramento Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Sunnyvale Office Rent Price
- Santa Clara Office Rent Price
- Santa Monica Office Rent Price
- Austin Office Rent Price
- Phoenix Office Rent Price
- Seattle Office Rent Price
- Denver Office Rent Price
- Miami Office Rent Price
- New York City Office Rent Price
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 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.