On average, listings lease in the $30's per square foot per year. The Newhall region is seeing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newhall region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 47 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Newhall 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.
The standard measurement for office space in this area is around 360 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Newhall folk. Commuting close to an hour and a half 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 Newhall.
Get email notifications when new listings are posted that match your requirements.