The typical asking rate per listing is in the $20's per square foot per year. The The Canyon submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Canyon region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,160 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1984 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 area. Commute by walking is the most popular way to get to work amongst The Canyon occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.