On average, listings lease in the $40's per square foot per year. The Newport Beach region is experiencing a an increase in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. About 21% of the listings in the Newport Beach 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1980 and are Class B.