On average, listings lease in the $10's per square foot per year. The Spring Valley region is experiencing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.
In the last 90 days, 2 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the listings in the Spring Valley 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 2009 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Spring Valley residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.