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

As of March 31, 1990.

OFFICE BUILDINGS

Existing Buildings

Number 84 Total square feet 6,103,749 Vacant space 971,242 Vacancy rate 15.91

Monthly Lease Rates Per Square Foot

Existing Vacant Office Space

Average $1.94 Low $1.00 High $3.25

Space Under Construction

Average $1.70 Low $1.70 High $1.70

Source: Coldwell Banker TRENDS: BUILDING PERMITS COUNTYWIDE RESIDENTIAL BUILDING PERMITS BY MONTH, 1989-90

(Dollar amounts are in $1,000s)

Year to Date June ’90 May ’90 June ’89 1990 1989 Residential $198,801 $127,231 $196,597 $849,903 $1,112,740 Industrial $12,261 $10,514 $12,832 $52,772 $49,965 Office $36,312 $38,326 $9,915 $144,359 $188,997 Retail $27,536 $15,828 $27,362 $114,631 $102,675

Source: Construction Industry Research Board