A weekly look at office and industrial real estate in the county. : NEWPORT BEACH COMMERCIAL REAL ESTATE

A look at commercial and industrial real estate data in an Orange County community as of Dec. 31, 1988. OFFICE BUILDINGS Existing Buildings Number: 125 Total square feet: 6,723,987 Vacant space: 1,063,837 Vacancy rate: 15.82% Buildings Under Construction Number: 6 Total square feet: 285,310 Committed space: 99,788 Committed, percentage of total: 34.98% Monthly Lease Rates Per Square Foot Existing Vacant Office Space Average: $2.03 Low: $1.00 High: $3.00 Space Under Construction Average: $1.85 Low: $1.85 High: $1.85 Industrial Space Square feet, existing and under construction: 12,500 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