The typical asking rate per listing is in the $30's per square foot per year. The Panorama City submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 57% rise in rent.
In the last 90 days, 2 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Panorama City are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,270 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1961 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 area. Commute by walking is the most popular way to get to work amongst Panorama City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.