The typical asking rate per listing is in the $10's per square foot per year. The The Canyon submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $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 submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,630 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1985 and are Class A.
A large portion of this area 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.