2024 Office Space Rent & Sales
- $40.92 2024 Avg. Asking Rent
- 3.05% Y-o-Y Avg. Asking Rent Change
- 13.48% 2024 Office Vacancy Rate
Newport Beach office price per square foot in 2024 was $40.92 on average. This marked a +3.05% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.48% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Newport Beach, CA Office Asking Rents by Class
2024 Office Vacancy Rates in Newport Beach
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Costa Mesa | $44.95 | 15.18% |
| Newport Center | $37.93 | 6.19% |
| John Wayne Airport | $29.17 | 18.46% |
Office Spaces for Rent in California
Coworking Spaces in California
- Los Angeles Coworking Space
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- Palo Alto Coworking Space
2024 Office Construction in Newport Beach, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 20 Corporate Plaza Dr | 20 Corporate Plaza Dr, 92660 | 5,509 | 2015 |
| 680 Newport Center Drive | 680 Newport Center Drive, 92660 | 55,065 | 2005 |
| 20162 SW Birch Street | 20162 SW Birch Street, 92660 | 31,186 | 2004 |
| 20377 SW Acacia Street | 20377 SW Acacia Street, 92660 | 25,918 | 2003 |
| Bayview Business Park | 20401 SW Birch Street, 92660 | 101,569 | 2001 |
| 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 |
| 980-982 W Coast Hwy | 980-982 W Coast Hwy, 92663 | 8,300 | 1998 |
| 100 Bayview | 100 Bayview Circle, 92660 | 346,335 | 1991 |
| Newport Corporate Tower | 4100 Newport Place Drive, 92660 | 190,405 | 1990 |
Worth noting among recent office completions on the Newport Beach market is 20 Corporate Plaza Dr, which is currently the largest new office development in the city, at 5,509 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
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- Irvine Office Rent Price
- Fresno Office Rent Price
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- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.