On average, listings lease in the $30's per square foot per year. The Northridge submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 28% decrease in rent.
In the last 90 days, 4 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 910 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Northridge folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.