The typical asking rate per listing is in the $20's per square foot per year. The Van Nuys region is seeing a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Van Nuys region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 267 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Van Nuys are subleases, so you will probably have to focus your search on direct office leases. 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 1,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Van Nuys occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Van Nuys.
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