Newport Beach, CA Office Overview
The Newport Beach real estate market includes the Newport Center, Santa Ana Heights, and West Newport Beach submarkets. While the city itself is home to only about 87,000 residents, it is a part of the Greater Los Angeles region, which is home to over 13 million people.
As of mid-2017, the Newport Beach market encompasses nearly 8.4 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market sees robust demand from a winning combination of tourism and a variety of corporate headquarters.
Newport Beach, CA Office Inventory Description
Recently, housing prices in Newport Beach ranked the eighth-highest in the U.S., a testament to the city's affluent residents and the type of companies that do business here. Because of that, it's probably no surprise that almost 66% of the office space here is Class A or A+, while Class B product brings another 2.8 million square feet to the inventory.
One area of Newport Beach that sees consistently strong demand for office space is the Santa Ana Heights submarket. Located immediately south of John Wayne Airport, this part of the city is home to investment-quality buildings such as Centerpointe on Macarthur Boulevard, The Jetty on Irvine Avenue, and the 1500 Quail building.
Newport Beach, CA Commercial Inventory Breakdown
Office Spaces
Total: 9,688,440 SF
By square footage range:
- 50k to 100k SF: 2,083,348 SF / 21.5% of total office
- 100k to 500k SF: 7,605,092 SF / 78.5% of total office
By class:
- Class A+: 706,000 SF / 7.29% of total office
- Class A: 5,608,331 SF / 57.89% of total office
- Class B: 2,947,897 SF / 30.43% of total office
Top 10 Largest Office Buildings
in Newport Beach
| Office building | Address | 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 | Year built |
|---|---|---|---|
| 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 |
Newport Beach, CA Green Office Space
When tenants and professional real estate investors seek green office space in the metro, they are not disappointed. There are 15 green office buildings in Newport Beach that contribute a total of over 3.5 million square feet to the market. This total represents property rated as green, LEED-certified, or Energy Star-rated.
One great example of a LEED-certified building in the city is 620 Newport Center Drive. Located just north of the Newport Center business, shopping, and entertainment district, this building was constructed back in 1971 and brings 237,000 square feet of Class A LEED Silver-certified office space to the market.
With green office space in Newport Beach accounting for 43% of the total inventory, the city has some of the highest percentage of energy-efficient green buildings in the entire State of California. According to the 2017 National Green Building Adoption Index, which looked at green office buildings in 30 top U.S. markets, California has six cities that rank among the top 30.
Newport Beach, CA's Top Office-Using Sectors
The local commercial real estate market sees consistently strong demand from top sectors like insurance and financial services, healthcare, tourism, and corporate headquarters.
- Insurance & Financial Services – Employment Beach is generated by companies such as Pacific Life and PIMCO.
- Healthcare – Organizations such as Hoag Memorial Hospital Presbyterian and Glidewell Dental are among the largest employers in the metro.
- Tourism – Demand for commercial real estate in the city is driven by businesses such as the Resort at Pelican Hill, The Island Hotel, the Balboa Bay Club, and the Newport Beach Marriott Hotel & Tennis Club.
- Corporate Office – Acacia Research, the Galardi Group, and Jazz Semiconductor help to drive local demand through their corporate headquarters here.
Frequently Asked Questions
How much does office space cost in Newport Beach, CA?
The average office rental rate in Newport Beach, CA is $37.84 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Newport Beach Office Market Trends for more stats.
What is the size of available office spaces in Newport Beach, CA?
The Newport Beach, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 23,090 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Newport Beach, CA is 81 square feet, while the maximum rentable space on the market now is 46,098 square feet.
How do I get office space in Newport Beach, CA?
Start your search for office space in Newport Beach, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Newport Beach, CA?
There are 158 office listings on the Newport Beach, CA market. See all available office spaces for rent.
Where to rent an office space in Newport Beach, CA?
Popular Newport Beach neighbourhoods with available office spaces include Santa Ana Heights, Newport Center and West Newport Beach.
What other property types are available for lease in Newport Beach, CA?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Newport Beach Demographics
Population
- Total Population85,694
- Male Population(48.8 %) 41,833
- Female Population(51.2 %) 43,861
- Median Age47.20
Income/Financial
- Average Household Income$214,044
- Median Household Income$127,223
- Median Income Under 25$51,324
- Median Income 25-44$129,235
- Median Income 45-64$154,545
- Median Income Over 65$106,223
News
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