The typical asking rate per listing is in the $50's per square foot per year. The Newport Beach submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 45% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 104 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Newport Beach are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,150 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Newport Beach occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.