The typical asking rate per listing is in the $50's per square foot per year. The Newport Beach region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 81 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Newport Beach are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1980 and are Class A.