On average, listings lease in the $30's per square foot per year. The Canyon Country region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Canyon Country submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means leases might be leasing quickly. 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.
Even though the median size is 3,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 2004 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 bike is the most popular way to get to work amongst Canyon Country folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.