The typical asking rate per listing is in the $30's per square foot per year. The Irvine Medical and Science Complex submarket is going through a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Irvine Medical and Science Complex submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,380 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 2000 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Irvine Medical and Science Complex residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.