Novato Commercial Real Estate And Office Space For Rent

Description:

Novato:

Novato, California is the northernmost city in Marin County, approximately twenty-nine miles north of San Francisco and thirty-seven miles northwest of Oakland. The City of Novato successfully mixes corporate headquarters, state-of-the art technology companies and a variety of retail centers in its business community. Because of this central location, businesses find it advantageous to locate their commercial real estate or office space in this city. In addition to Fireman's Fund Insurance Company, Novato is the corporate headquarters for footwear company Birkenstock Footprint Sandals, and Smith and Hawken, the nation's premier retailer for gardening enthusiasts. Novato is also a center of technology businesses as well.  Known as the "home of the CD-ROM", Novato is home to such computer software and telecommunications companies as Broderbund, IMSI, Inc. and Sonic Solutions. This diversity offers many commercial real estate listings, as well as commercial office space and industrial properties.

Companies who look for spaces in Novato also search in these neighboring cities:  Fairfax, Petaluma, and San Rafael.

Retail space: Retail businesses in Novato take many forms.  The Vintage Oaks Shopping Center is a regional mall that serves as home to Costco, Target, Macy's Furniture Center, and Novato Toyota. In this Center, many commercial real estate and commercial properties can be found as well. There is an active retail area in downtown Novato with shops and restaurants as well as other shopping areas located throughout the City. These shopping areas have significant amounts of small retail spaces that are perfect for small shops and restaurants Novato attracts many residents from surrounding towns and makes it a great location to start a retail business. It’s is also home to TravelSmith, a successful company that sells travel clothing and accessories throughout the world through its catalog business and on the Internet.

Office space: As of 2008 the base has largely been redeveloped into single family homes. Many companies like to locate in Novato because of its proximity to a very educated work force. The former hangar buildings were gutted and redeveloped into two story office buildings. This development proves a bright future for businesses to find commercial listings and office space availabilities through Rofo. Hangar tenants as of early 2008 include Sony Imageworks, Visual Concepts Entertainment, Smith & Hawken and Birkenstock Distribution USA. Disney Image Movers plans to occupy two hangar buildings by early 2009. Novato’s major transportation system is SMART (Sonoma-Marin Area Rail Transit Rail District). These businesses have found it an advantage to find commercial listings in Novato. This diversity in companies also offers many commercial real estate and office space listings, as well as commercial office space and industrial properties. These business parks offer many office space listings and commercial office space properties. The high visibility along the 101 Highway allows for great targets in finding commercial office space and office space property through Rofo.

Warehouse space: Novato is located right next to Highway 101 and is 50 minutes away from San Francisco International Airport. This easy access to the these highways gives another reason to find warehouse space or industrial space listings in Novato.

Quick Market Stats:

There's roughly 3,000,000 square feet of office space with a rough overall vacancy rate of 13%.  The average asking rates for office space is $2.25(fs).

The retail space market is roughly 1,000,000 square feet and has an overall vacancy rate of just 4%. Average lease rates range for retail space is $1.45-$2.25.