On average, listings lease in the $70's per square foot per year. The Northridge region is seeing a an increase in rates. In the last 3 months, the median rate increased $37 per sqft per year. That's a 108% rise in rent.
In the last 90 days, 4 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Northridge are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,730 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Northridge residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.