Most listings are in the $30's per square foot per year. The Irvine Medical and Science Complex region is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Irvine Medical and Science Complex submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 28% of the available space in the Irvine Medical and Science Complex 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.
Even though the median size is 4,110 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 2000 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Irvine Medical and Science Complex residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.