On average, listings lease in the $30's per square foot per year. The Southwest Novato region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Bay Area market, the Southwest Novato region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been made available, 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,140 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1987 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst Southwest Novato residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.