On average, listings lease in the $40's per square foot per year. The North Laguna Hills region is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the North Laguna Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 73% of the available leases in the North Laguna Hills 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.
Even though the median size is 2,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst North Laguna Hills residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.