Sherman Oaks Office Space For Lease

Sherman Oaks

Market Report

Number of Listings For Lease
Posted in the last 90 days
35
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
3,020

Sherman Oaks Commercial Real Estate

Find Sherman Oaks commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Sherman Oaks commercial real estate broker in Sherman Oaks' Top Broker Directory. Learn about Sherman Oaks commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Sherman Oaks Rates

Most commerial real estate listings for lease are in the $30's per square foot per year. The Sherman Oaks region is going through a decline in rates. In the last 3 months, the median rate for lease decreased $16 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles commercial real estate market, the Sherman Oaks submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sherman Oaks Listing Supply

In the last 90 days, 377 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Sherman Oaks are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 3,090 sqft. Most buildings in this region are around 4 floors. Most buildings in this market were built approximately 1977 and are Class A.

Sherman Oaks Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Sherman Oaks folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Sherman Oaks.
Research