On average, listings lease in the $30's per square foot per year. The Laguna submarket is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 32% decline in rent.
In the last 90 days, 13 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 15% of the available space in the Laguna 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.
The standard measurement for office space in this area is around 1,130 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Laguna residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.