Most listings are in the $30's per square foot per year. The Newport Beach submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 30% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 74 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the available leases in the Newport Beach 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 2,540 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1980 and are Class B.