The typical asking rate per listing is in the $40's per square foot per year. The Sherman Oaks submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sherman Oaks region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 58 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the available space in the Sherman Oaks are subleases, so you might be able to snag a great spot on a short term. 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 2,780 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1979 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.