On average, listings lease in the $20's per square foot per year. The Lake Forest submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake Forest submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 29 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 45% of the available space in the Lake Forest 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.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1999 and are Class B.