On average, listings lease in the $30's per square foot per year. The Panorama City submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 57% increase in rent.
In the last 90 days, 2 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 150% of the listings in the Panorama City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,270 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Panorama City occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.