Van Nuys Office Space

Van Nuys

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Van Nuys Rates

The typical asking rate per listing is in the $20's per square foot per year. The Van Nuys submarket is seeing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Van Nuys region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Van Nuys Listing Supply

In the last 90 days, 27 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,610 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1981 and are Class A.

Van Nuys Community

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.