Most listings are in the $20's per square foot per year. The Van Nuys submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Van Nuys region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 267 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Van Nuys are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, 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 market are around 2 floors. Most buildings in this region were built in 1970 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 folk. 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.
Get email notifications when new listings are posted that match your requirements.