On average, listings lease in the $10's per square foot per year. The Simi Valley submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 54% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Simi Valley region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 11 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 41,390 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1986 and are Class B.