Most listings are in the $20's per square foot per year. The Panorama City region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 20% decrease in rent.
In the last 90 days, 5 listings have been listed, which means spaces most likley are 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.
Even though the median size is 2,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Panorama City folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.