The typical asking rate per listing is in the $30's per square foot per year. The Encino region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decline in rent.
In the last 90 days, 80 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available leases in the Encino 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 2,130 sqft. Most properties in this area are approximately 5 stories. Most buildings in this market were built in 1979 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 region. Commute by public transit is the most popular way to get to work amongst Encino residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.