Most listings are in the $30's per square foot per year. The Central Novato region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Bay Area market, the Central Novato submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 90 listings have been listed, so you'll want to check back regularly for new listings. About 12% of the available leases in the Central Novato are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Novato folk. Commuting approximately 15 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 Central Novato.
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