The typical asking rate per listing is in the $20's per square foot per year. The Valencia submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Valencia submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 44 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Valencia are subleases, so you will probably have to focus your search on direct office leases. 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 2,220 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 2001 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Valencia occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.