The typical asking rate per listing is in the $30's per square foot per year. The Valencia submarket is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Valencia region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the available space 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,670 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 2000 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.