Central Novato Industrial

Central Novato

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,160
As of: August 21, 2017

Central Novato Rates

Most listings are in the $30's per square foot per year. The Central Novato region is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Bay Area market, the Central Novato submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Central Novato Listing Supply

In the last 90 days, 12 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 108% of the listings in the Central Novato 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.

The standard measurement for office space in this area is around 2,160 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1987 and are Class A.

Central Novato Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Central Novato occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Novato.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Novato.
Research