On average, listings lease in the $20's per square foot per year. The Costa Mesa region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Costa Mesa submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 52 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Costa Mesa are subleases, so you will probably have to focus your search on direct office leases. 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 2,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1982 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 car is the most popular way to get to work amongst Costa Mesa folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.