Most listings are in the $30's per square foot per year. The Eastside Costa Mesa submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Eastside Costa Mesa region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 16% of the listings in the Eastside Costa Mesa are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Eastside Costa Mesa occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Eastside Costa Mesa.
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