On average, listings lease in the $20's per square foot per year. The Irvine Medical and Science Complex submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Irvine Medical and Science Complex submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 10 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the available space in the Irvine Medical and Science Complex are subleases, so you might be able to snag a great spot on a short term. 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 4,190 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region 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.