On average, listings lease in the $30's per square foot per year. The Valencia region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Valencia submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Valencia are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,500 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 2001 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Valencia residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.