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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 Encino region is going through a decrease in rates. In the last 3 months, the median rate for lease decreased $12 per sqft per year.
In the last 90 days, 475 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Encino are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,550 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built approximately 1977 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Encino residents. Commuting between 30 and 45 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 Encino.
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