On average, listings lease in the $40's per square foot per year. The Sherman Oaks submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sherman Oaks submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 377 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the Sherman Oaks 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.
Even though the median size is 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region were built in 1980 and are Class A.
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 area. Commute by public transit is the most popular way to get to work amongst Sherman Oaks residents. Commuting more than an hour and a half 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 Sherman Oaks.
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