Most listings are in the $30's per square foot per year. The Irvine Medical and Science Complex region is experiencing a a boost in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Irvine Medical and Science Complex submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 125% of the available leases in the Irvine Medical and Science Complex are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 11,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 2000 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Irvine Medical and Science Complex occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.