Sherman Oaks Office Space

Sherman Oaks

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,330
As of: May 23, 2017

Sherman Oaks Rates

The typical asking rate per listing is in the $40's per square foot per year. The Sherman Oaks submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Sherman Oaks submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Sherman Oaks Listing Supply

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 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.

The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1983 and are Class A.

Sherman Oaks Community

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 folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Sherman Oaks.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sherman Oaks.
Research