The typical asking rate per listing is in the $30's per square foot per year. The Rancho Adjacent submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Rancho Adjacent region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,030 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1983 and are Class B.
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 car is the most popular way to get to work amongst Rancho Adjacent occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.