Central Novato Retail

Central Novato

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,160
As of: August 18, 2017

Central Novato Rates

On average, listings lease in the $30's per square foot per year. The Central Novato submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Bay Area market, the Central Novato region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Central Novato Listing Supply

In the last 90 days, 12 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 117% of the available space in the Central Novato are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,160 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1987 and are Class A.

Central Novato Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Central Novato occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central Novato.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Novato.
Research