On average, listings lease in the $20's per square foot per year. The The Canyon region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the The Canyon submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,160 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst The Canyon folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.