On average, listings lease in the $40's per square foot per year. The Costa Mesa region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 16% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Costa Mesa region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 78% of the available space in the Costa Mesa are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area 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 market. 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.