The typical asking rate per listing is in the $30's per square foot per year. The Tarzana region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Tarzana region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Tarzana are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,430 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Tarzana folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.