Novato Office Space

Novato

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,050
As of: February 26, 2017

Novato Rates

On average, listings lease in the $30's per square foot per year. The Novato region is going through a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 67% increase in rent.

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

Novato Listing Supply

In the last 90 days, 55 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Novato 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1987 and are Class A.

Novato Community

Market Report

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

Market Data

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