The Master's Building — Lease in Newport Beach, CA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Newport Beach, CA 92625
  • Size: 621 SF

Description

Two-story, newly renovated office building located in the heart of Corona del Mar. Walking distance to the Corona Del Mar State beach and an abundance of amenities, including restaurants, shopping, banking, etc. Blocks away from Newport Center, Orange County’s prestigious business, shopping, and entertainment district centered around the Fashion Island regional shopping mall. Newly renovated in 2018 with creative, modern and high-end finishes. Subterranean and surface parking available.

Market Context

This office in Newport Beach, CA is listed for lease across 621 SF. It has been on the market for 53 days. Compare it against other office listings for lease in Newport Beach, CA — view the full market.

As of Q1 2026, the Orange County office market showed a 19.3% vacancy rate, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

What is the typical cap rate for office in Orange County?
About 7.4% as of Q1 2026, per multiple brokerage reports.
Is the Orange County office market tightening or softening?
Vacancy is around 19.3% (Q1 2026).

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