On average, listings lease in the $40's per square foot per year. The Encino region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.
In the last 90 days, 36 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the listings in the Encino are subleases, so you will probably have to consider a longer term lease. 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 1,520 sqft. Most buildings in this region are close to 5 floors. Most buildings in this market were built in 1977 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Encino folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.