Central Novato Office Space

1682 Novato Blvd - Unit 251 Novato, CA open area
Sep 16
960
sqft
Office
1516 Grant Ave - Unit 100B Central Novato, Novato, CA storage closet
Sep 16
890
sqft
Office

Central Novato

Market Report

Number of Listings
Posted in the last 90 days
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
960

Central Novato Rates

The typical asking rate per listing is in the $30's per square foot per year. The Central Novato submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 15% decline in rent.

Compared to the rest of the Bay Area market, the Central Novato region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Central Novato Listing Supply

In the last 90 days, 90 listings have come on the market, so you'll want to check back regularly for new listings. About 17% of the listings in the Central Novato are subleases, so you might be able to find a shorter term or below market rent. 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 960 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1987 and are Class A.

Central Novato Community

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 market. Commute by bike is the most popular way to get to work amongst Central Novato folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Novato.
Research