A weekly look at office and industrial real estate in the county. : NEWPORT BEACH COMMERCIAL AND INDUSTRIAL REAL ESTATE
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A look at commercial real estate data in an Orange County community as of June 30, 1989.
OFFICE BUILDINGS
Existing Buildings
Number: 61
Total square feet: 2,948,937
Vacant space: 529,767
Vacancy rate: 17.96
Buildings Under Construction
Number: 11
Total square feet: 347,022
Committed space: 56,000
Committed, percentage of total: 16.14
Monthly Lease Rates Per Square Foot
Existing Vacant Office Space
Average: $1.94
Low: $1.15
High: $2.55
Space Under Construction
Average: $2.09
Low: $1.30
High: $2.75
High Tech/Research & Development Space
Sale price per square foot
Average --
Low --
High --
Lease price per square foot
Average: $1.05
Low: $1.05
High: $1.05
Manufacturing/Warehouse Space
Sale price per square foot
Average: $80.00
Low: $80.00
High: $80.00
Lease price per square foot
Average: $0.70
Low: $0.70
High: $0.70
Source: Coldwell Banker
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