The typical asking rate per listing is in the $30's per square foot per year. The Irvine Medical and Science Complex submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Irvine Medical and Science Complex submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 125% 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 2000 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Irvine Medical and Science Complex folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.