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.
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.
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.