Newport Beach Office Market Trends

Office Rental Market

  • $39.44 2019 Avg. Asking Rent
  • 6.07 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 29,991 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Newport Beach was $39.44 per square foot, and the office vacancy rate across the market averaged 6.07 %. During 2019, developers added 0 square feet of new office space to the Newport Beach market inventory. Office developments estimated for delivery during 2020 total 29,991 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Newport Beach Class A Office Buildings$41.46
  • Newport Beach Class B Office Buildings$33.40
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Newport Beach, CA Office Asking Rents by Class

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Newport Center $54.18 1.54 %
John Wayne Airport $36.85 7.04 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Newport Beach was 1.54 % in the Newport Center submarket, where asking rents averaged $54.18.
  • The highest office vacancy rate in 2019 in Newport Beach was 7.04 % in the John Wayne Airport submarket, where asking rents averaged $36.85.

OFFICE CONSTRUCTION IN Newport Beach, CA

  • Newport Beach, CA Total Sqft completed in 2019 0
  • Newport Beach, CA Total Sqft under construction in 2020 29,991
10 Largest Office Buildings in Newport Beach
Building name Address Total Sqft Year built
650 Newport Center Drive 650 Newport Center Drive, 92660 380,000 2014
Bayview Corporate Center 3501 Jamboree Road, 92660 347,862 1988
Newport Center 520 Newport Center Drive, 92660 326,121 2014
520 Newport Center Drive 520 Newport Center Drive, 92660 326,000 2014
100 Bayview 100 Bayview Circle, 92660 317,153 1991
MacArthur Court - 4675 MacArthur 4675 MacArthur Court, 92660 284,059 1985
MacArthur Court - 4695 MacArthur 4695 MacArthur Court, 92660 283,986 1985
MacArthur Court 4695 MacArthur Court, 92660 283,986 1986
610 Newport Center Drive 610 Newport Center Drive, 92660 274,408 1971
The Hangars 1901 Dove Street, 92660 269,150 1972
Largest Office Properties Recently Completed in Newport Beach
Office building Address Sqft Completed
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
Birch Medical Office Center 20162 SW Birch Street, 92660 32,000 2004
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
Hoag Health Center - Newport Beach - 510 Superior Avenue 510 Superior Avenue, 92663 116,097 2000
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Newport Beach office market contains an inventory of 10,560,690 square feet of office space, in 193 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.