Corona del Mar, California Commercial Real Estate 0 Listings

Corona del Mar, California: A Premier Destination for Commercial Real Estate

Introduction

Corona del Mar, a charming coastal enclave within Newport Beach, California, presents a unique opportunity for commercial real estate (CRE) investors and professionals. Known for its upscale residential areas, Corona del Mar offers a vibrant local economy driven by tourism, retail, and professional services. The area's strategic location within Orange County, coupled with its affluent demographic and proximity to major business centers, makes it a sought-after destination for CRE development and investment.

Economic and Industry Overview

Corona del Mar's economy benefits from a mix of thriving industries, including retail, hospitality, and professional services. The area's picturesque beaches and upscale shopping districts attract tourists, driving demand for retail and hospitality spaces. Additionally, the presence of nearby tech hubs in Irvine and Costa Mesa contribute to a strong demand for office properties. The Orange County Business Council provides insights into regional economic initiatives aimed at sustaining growth and development in these sectors.

Strategic Location and Transportation Infrastructure

Corona del Mar's strategic location offers excellent connectivity to major transportation networks. Situated near the Pacific Coast Highway, the area provides easy access to Interstate 405 and State Route 73, facilitating efficient transportation to Los Angeles and San Diego. The nearby John Wayne Airport serves as a key gateway for business and leisure travelers. For more details, visit the California Department of Transportation and the John Wayne Airport.

Commercial Real Estate Inventory & Zoning

Corona del Mar's commercial real estate landscape is characterized by a mix of retail corridors and boutique office spaces, primarily concentrated along Pacific Coast Highway and East Coast Highway. The area supports a variety of asset classes, including retail, office, and hospitality. Notable zoning changes and development incentives can be explored through the City of Newport Beach's Zoning Map.

Major Employers and Institutions

While Corona del Mar itself is primarily residential, it benefits from proximity to major employers in nearby Newport Beach and Irvine. Top employers include tech companies, financial institutions, and healthcare providers. The area is also influenced by educational institutions such as the University of California, Irvine. For a comprehensive list of employers, refer to the Newport Beach Business Directory.

Notable Commercial Developments & Projects

Several notable developments are shaping the commercial real estate landscape in Corona del Mar and the surrounding areas. Mixed-use projects and retail expansions continue to enhance the area's appeal. Public-private partnerships and Opportunity Zone initiatives offer potential for significant investment returns. For the latest project details, visit the Newport Beach Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development in Corona del Mar, access the following resources:

Market Data & Economic Reports

Leverage publicly available data sets for insights into Corona del Mar's commercial real estate market. Utilize resources like Census.gov and the City of Newport Beach's Open Data Portal for economic reports and market trends. Brevitas offers AI-powered aggregation from these public data sources, providing a comprehensive view of the local market. Explore Brevitas-powered dashboards for Corona del Mar here.

Why Use Brevitas for Corona del Mar, California CRE?

Brevitas revolutionizes the CRE discovery process with AI-driven insights, real-time market alerts, and seamless collaboration tools. Our platform offers: