The typical asking rate per listing is in the $30's per square foot per year. The Newhall region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 22% decline 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 undervalued submarket.
In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available space in the Newhall are subleases, so you might be able to sign a shorter term by taking over a previous 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.
The standard measurement for office space in this area is around 580 sqft. Most properties in this region are around 2 floors. Most buildings in this area 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.
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