Northridge Commercial Real Estate

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Lee & Associates
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8920 Tampa Ave - 3 Spaces Northridge, Los Angeles, CA This listing is a nnn lease.Close Points Of Interest.
Jun 26
2,700 - 8,550
sqft
Office Medical Retail Restaurant
18110 Nordhoff St - 2 Spaces Northridge, Los Angeles, CA NNN expense 0.53
Jun 26
800 - 950
sqft
Office Retail

Northridge

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
2,730

Northridge Rates

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.

Northridge Listing Supply

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.

Northridge Community

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.

Market Data

Real time and historical data on commercial real estate listings in Northridge.
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