The typical asking rate per listing is in the $20's per square foot per year. The Valencia submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Valencia region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 95% of the available leases in the Valencia 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 1,720 sqft. Most buildings in this market are around 2 stories. Most buildings in this area 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 area. Commute by walking is the most popular way to get to work amongst Valencia residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.