On average, listings lease in the $30's per square foot per year. The Rancho Santa Margarita submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 76% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Santa Margarita submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 2002 and are Class A.