Northwest Novato Industrial

Northwest Novato

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,680
As of: August 22, 2017

Northwest Novato Rates

Most listings are in the $30's per square foot per year. The Northwest Novato submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decline in rent.

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

Northwest Novato Listing Supply

In the last 90 days, 11 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 18% of the office spaces in the Northwest Novato are subleases, so you might be able to snag a great spot on a short term. 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 1,680 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1982 and are Class A.

Northwest Novato Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northwest Novato folk. Commuting more than an hour and a half 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 Northwest Novato.
Market Report

Market Data

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