Most listings are in the $40's per square foot per year. The Van Nuys submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Van Nuys submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 113% of the available space in the Van Nuys 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1979 and are Class A.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.