The typical asking rate per listing is in the $20's per square foot per year. The Newhall submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 44% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Newhall region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 1,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Newhall residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.