Most listings are in the $40's per square foot per year. The Corona del Mar region is experiencing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Corona del Mar submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Corona del Mar 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 930 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Corona del Mar residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.