On average, listings lease in the $30's per square foot per year. The Newport Beach submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 15% of the available leases in the Newport Beach are subleases, so you might be able to snag a great spot on a short term. 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 2,340 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1980 and are Class B.