On average, listings lease in the $40's per square foot per year. The Corona del Mar submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $48 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Corona del Mar region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Corona del Mar are subleases, so you might be able to find a shorter term or below market rent. 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 930 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Corona del Mar folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.