The typical asking rate per listing is in the $30's per square foot per year. The Newport Beach region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the office spaces in the Newport Beach 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.
The standard measurement for office space in this area is around 2,340 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1980 and are Class B.