On average, listings lease in the $20's per square foot per year. The Northwest Santa Ana submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Northwest Santa Ana region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 800 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1964 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northwest Santa Ana residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.