Novato Commercial Real Estate

1682 Novato Blvd - Unit 251 Novato, CA open area
Sep 16
960
sqft
Office
1516 Grant Ave - 2 Spaces Central Novato, Novato, CA storage closet
Sep 16
890 - 1,860
sqft
Office Medical
26 Commercial Blvd - Unit N/O Southeast Novato, Novato, CA roll up doors
Aug 10
2,500
sqft
Industrial

Novato

Market Report

Number of Listings
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,690

Novato Rates

The typical asking rate per listing is in the $30's per square foot per year. The Novato region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

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

Novato Listing Supply

In the last 90 days, 238 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Novato 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.

Even though the median size is 2,690 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1987 and are Class A.

Novato Community

Market Data

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