On average, listings lease in the $30's per square foot per year. The Novato submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Bay Area market, the Novato region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 26 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1987 and are Class A.