The typical asking rate per listing is in the $30's per square foot per year. The Northridge submarket is seeing a decline in rates. In the last 3 months, the median rate fell $37 per sqft per year. That's a 52% decrease in rent.
In the last 90 days, 86 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Northridge are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Northridge folk. Commuting more than 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 Northridge.
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