The typical asking rate per listing is in the $50's per square foot per year. The Newport Beach region is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 85 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Newport Beach are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1980 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 close to an hour and a half a day is the norm for those who opt to reside in this part of town.