Costa Mesa Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $30.49 2024 Avg. Asking Rent
  • 12.53% 2024 Office Vacancy Rate

Costa Mesa office price per square foot in 2024 was $30.49 on average. The local office market recorded an average vacancy rate of 12.53% 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

Costa Mesa, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Costa Mesa

Submarket Asking Rents Vacancy Rates
Costa Mesa $44.95 15.18%
Newport Center $37.93 6.19%
South Coast Metro $32.91 19.65%
John Wayne Airport $29.17 18.46%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Costa Mesa market was 12.53% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Costa Mesa was 6.19% in the Newport Center submarket, while the highest office vacancy in the market was 19.65%, recorded in South Coast Metro.

Office Spaces for Rent in California

Coworking Spaces in California

2024 Office Construction in Costa Mesa, CA

Largest Office Properties Recently Completed in Costa Mesa
Office building Address SF Completed
Pacific Medical Plaza 1640 Newport Boulevard, 92627 76,880 2007
3185, 3187 & 3189 Pullman Street 3185, 3187 & 3189 Pullman Street, 92626 26,495 2005
3185, 3187 & 3189 Pullman Street 3185, 3187 & 3189 Pullman Street, 92626 26,495 2005
Plaza Tower 600 Anton Blvd., 92626 456,384 1991
Metro Pointe Business Center - 959 South Coast Drive 959 South Coast Drive, 92626 82,875 1990
The MET 555 Anton Blvd., 92626 238,504 1989
3555 Harbor Gateway South 3555 Harbor Gateway South, 92626 14,635 1987
Metro Pointe Business Center - 949 South Coast 949 South Coast Drive, 92626 121,043 1986
Metro Pointe Business Center - 940 & 950 South Coast Drive 940 South Coast Drive, 92626 72,566 1986
The MET Costa Mesa - 555 Anton Blvd 555 Anton Blvd, 92626 238,504 1984

Worth noting among recent office completions on the Costa Mesa market is Pacific Medical Plaza, which is currently the largest new office development in the city, at 76,880 square feet.

Data provided by Commercial Edge

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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 Costa Mesa 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.