Most listings are in the $40's per square foot per year. The Newport Beach submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 88 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1980 and are Class B.