On average, listings lease in the $30's per square foot per year. The Aliso Viejo region is experiencing a decline in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 31% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Aliso Viejo submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Aliso Viejo 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,440 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1999 and are Class B.