Van Nuys Sublease

Van Nuys

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,440
As of: August 17, 2017

Van Nuys Rates

Most listings are in the $30's per square foot per year. The Van Nuys submarket is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 15% decrease in rent.

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

Van Nuys Listing Supply

In the last 90 days, 15 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 160% of the available leases 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,440 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1977 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 market. Commute by public transit is the most popular way to get to work amongst Van Nuys occupants. Commuting between 30 and 45 minutes 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 Van Nuys.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Van Nuys.
Research