The typical asking rate per listing is in the $40's per square foot per year. The Tarzana submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Tarzana region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means new availabilities might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Tarzana residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.