Most listings are in the $20's per square foot per year. The Van Nuys submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $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 submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 267 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,720 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region 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 region. 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.
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