On average, listings lease in the $10's per square foot per year. The The Canyon submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 41% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Canyon region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 11 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 91% of the office spaces in the The Canyon 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1985 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst The Canyon occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.