Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 105 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the listings in the Newport Beach are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Newport Beach residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.