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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Tarzana region is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $12 per sqft per year. That's a 38% increase in rent.
Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Tarzana submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 162 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 3,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built around 1981 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Tarzana folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Tarzana.
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