Southeast Novato Retail

Southeast Novato

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
5,280
As of: July 24, 2017

Southeast Novato Rates

Most listings are in the $30's per square foot per year. The Southeast Novato region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 18% decline in rent.

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

Southeast Novato Listing Supply

In the last 90 days, 8 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 113% of the available leases in the Southeast 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,280 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1986 and are Class B.

Southeast Novato Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Southeast Novato occupants. Commuting more than an hour and a half 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 Southeast Novato.
Market Report

Market Data

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