The typical asking rate per listing is in the $20's per square foot per year. The Lake Forest region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake Forest region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 67% of the available space in the Lake Forest are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,190 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Lake Forest work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.