Most listings are in the $20's per square foot per year. The Lake Forest submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Lake Forest region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 34 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Lake Forest are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,390 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1999 and are Class B.