Most listings are in the $50's per square foot per year. The Newport Beach submarket is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newport Beach submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 96 listings have come on the market, so you'll want to check back regularly for new listings. About 78% of the available leases in the Newport Beach 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,610 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1980 and are Class B.