Sherman Oaks Sublease

Sherman Oaks

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
1,350
As of: June 27, 2017

Sherman Oaks Rates

The typical asking rate per listing is in the $40's per square foot per year. The Sherman Oaks region is experiencing a an increase in rates. In the last 3 months, the median rate went up $45 per sqft per year.

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 submarket.

Sherman Oaks Listing Supply

In the last 90 days, 58 listings have been listed, so you'll want to check back regularly for new listings. About 41% 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most properties in this region are approximately 4 stories. 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 market. Commute by public transit is the most popular way to get to work amongst Sherman Oaks occupants. 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