The typical asking rate per listing is in the $40's per square foot per year. The Sherman Oaks submarket is going through a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Sherman Oaks region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 58 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Sherman Oaks are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this market were built in 1983 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 region. 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.