On average, listings lease in the $0's per square foot per year. The North Ridge submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 12 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst North Ridge occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.