The typical asking rate per listing is in the $30's per square foot per year. The Newport Beach submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 70 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the available space 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,250 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1979 and are Class A.
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 folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.