Southeast Novato Office Space

Southeast Novato

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,800
As of: March 12, 2017

Southeast Novato Rates

On average, listings lease in the $40's per square foot per year. The Southeast Novato submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year. That's a 88% increase in rent.

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

Southeast Novato Listing Supply

In the last 90 days, 8 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Southeast 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1984 and are Class B.

Southeast 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 area. Commute by walking is the most popular way to get to work amongst Southeast Novato occupants. 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 Southeast Novato.
Market Report

Market Data

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