Most listings are in the $30's per square foot per year. The Van Nuys region is seeing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 21% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Van Nuys submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 15 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 900 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1981 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 area. 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.