What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Newport Beach commercial real estate market incorporates 12,289,544 square feet of office space across 166 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Newport Beach, the coworking segment of the commercial real estate market incorporates about 10,317 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Newport Beach commercial real estate market includes 2,980,207 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Newport Beach market, there is a total of 45,093 square feet of industrial property.

What types of commercial real estate are available in Newport Beach, CA?

The largest share of commercial real estate space for lease in Newport Beach is represented by Office space , which accounts for 1,141,401 square feet of available listings. Retail space available in Newport Beach adds up to 54,171 square feet.

What factors affect the price of commercial real estate in Newport Beach, CA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Newport Beach, CA?

The average rent for commercial real estate space listed for lease in Newport Beach is $32.69 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Newport Beach can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Newport Beach, CA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Newport Beach, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Newport Beach is in the Santa Ana Heights neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Santa Ana Heights area . Meanwhile, retail space opportunities are most abundant in the Balboa Peninsula submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in West Newport Beach . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $45.6 per square foot. In particular, the property type commanding the highest lease rates in Newport Beach was Office space. Conversely, the highest sale price last year was $4,500,000 that is located at 4600 Campus Drive.

What is the average size of a commercial property in Newport Beach, CA?

The average size of a commercial property in Newport Beach depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Newport Beach, the average size of an office property is 75,396 square feet. Retail properties here incorporate an average of 72,688 square feet. Industrial space in Newport Beach is in buildings that are, on average 45,093 square feet in size.

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222 Commercial Real Estate Listings in Newport Beach, CA

CRE Market Stats

1301 Dove

1301 Dove Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

205,654 SF
Availability

18 Spaces

125,607 SF
Year Built

1980
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901 Dover Drive

901 Dover Drive, Westcliff, Newport Beach, CA
For Lease

$2.15/SF/MO
Property

Office

26,437 SF
Availability

1 Space

1,139 SF
Year Built

1965
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Corporate Plaza West - 1200 Newport Center Drive

1200 Newport Center Drive, Newport Center, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

51,214 SF
Availability

1 Space

2,951 SF
Year Built

1999
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1201 Dove Street

1201 Dove Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

82,000 SF
Availability

5 Spaces

9,323 SF
Year Built

1973
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4000 MacArthur - East Tower

4000 MacArthur Blvd, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

212,316 SF
Availability

5 Spaces

28,336 SF
Year Built

1979
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1600 Dove Street

1600 Dove Street, Santa Ana Heights, Newport Beach, CA
For Lease

$1.00 - $1.25/SF/MO
Property

Office

60,675 SF
Availability

3 Spaces

10,127 SF
Year Built

1975
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1151 Dove Street

1151 Dove Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

30,569 SF
Availability

3 Spaces

5,399 SF
Year Built

1973
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4343 Macarthur Blvd

4343 Macarthur Blvd, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Retail

20,000 SF
Availability

1 Space

20,000 SF
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The Strand

3990 Westerly Place, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

47,500 SF
Availability

6 Spaces

15,098 SF
Year Built

1971
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Redstone - 1300 Dove Street

1300 Dove Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

61,427 SF
Availability

1 Space

15,520 SF
Year Built

1978
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VK Suites
VK Suites
4343 Von Karman Avenue, Newport Beach, CA
Services

Virtual Office

Private Office
Amenities

Bike storage

Catering

Complimentary coffee & tea

Free water

High-speed wifi

IT support

Parking

Pet friendly

Printer

Privacy booths
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Two Corporate Plaza

2 Corporate Plaza Drive, Newport Center, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

21,536 SF
Availability

1 Space

3,712 SF
Year Built

1979
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4000 MacArthur - West Tower

4000 MacArthur Blvd, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

180,552 SF
Availability

1 Space

18,750 SF
Year Built

1979
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MacArthur Court - 4695 MacArthur

4695 MacArthur Court, Santa Ana Heights, Newport Beach, CA
For Lease

$3.70/SF/MO
Property

Office

283,986 SF
Availability

1 Space

4,941 SF
Year Built

1985
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23 Corporate Plaza (23C)
Premier Workspaces
23 Corporate Plaza Drive Suite 150, Newport Beach, CA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed internet

High-speed wifi

IT support

Mail services

Parking

Receptionist/Secretarial services
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1000 Quail Street

1000 Quail Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

28,231 SF
Availability

1 Space

1,249 SF
Year Built

1973
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Birch Street
Regus
5000 Birch Street, West Tower Suite 3000, Newport Beach, CA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Aiport Plaza Center II
ESDI - Airport Plaza Center
4540 Campus Drive #100, Newport Beach, CA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi

Parking

Printer

Receptionist/Secretarial services

TV/Monitor

White boards

Window view
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610 Newport Center Drive

610 Newport Center Drive, Newport Center, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

274,408 SF
Availability

3 Spaces

6,839 SF
Year Built

1971
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5000 Birch - West Tower

5000 Birch Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

192,030 SF
Availability

7 Spaces

33,746 SF
Year Built

1982
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660 Newport Center Drive

660 Newport Center Drive, Newport Center, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

249,000 SF
Availability

4 Spaces

15,708 SF
Year Built

1974
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4501 Birch St

4501 Birch St, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

12,000 SF
Availability Contact for availability
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Olen Center Newport

4910 Birch Street, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

62,168 SF
Availability

13 Spaces

35,512 SF
Year Built

1974
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Newport Irvine Center

3300 Irvine Avenue, Santa Ana Heights, Newport Beach, CA
For Lease

$2.95/SF/MO
Property

Office

76,671 SF
Availability

11 Spaces

20,402 SF
Year Built

1980
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Redstone - 4041 MacArthur Blvd

4041 MacArthur Blvd, Santa Ana Heights, Newport Beach, CA
For Lease

Contact for pricing
Property

Office

116,390 SF
Availability

6 Spaces

37,405 SF
Year Built

1978
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3 Upper Newport Plaza Drive

3 Upper Newport Plaza Drive, Santa Ana Heights, Newport Beach, CA
For Lease

$2.85/SF/MO
Property

Office

16,000 SF
Availability

1 Space

3,234 SF
Year Built

1980
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