Los Angeles’s Studio City neighborhood is located in the southwest region of the San Fernando Valley. Named after the studio lot that is now known as CBS Studio Center, the picturesque, A-lister filled neighborhood is now home to a number of shops, eateries, nightlife options, upscale residences, and more. As its name suggests, media is the dominant industry in Studio City. However, Studio is also home to a number of thriving businesses across a number of industries, such as professional services, healthcare, real estate, retail, and more.
Looking for your next office in Studio City? Read on to learn more about the neighborhood, and contact us to explore your commercial real estate options or schedule an office tour.
Studio City Office Space | Lease Data & Trends
Studio City is part of the San Fernando Valley/Ventura County submarket of Los Angeles. This submarket has over 33.5 million square feet of total commercial space inventory, with 14.5%s of that space being available to tenants (as of Q3 2020). Asking rents in San Fernando Valley/Ventura County tend to be on the more affordable side for Los Angeles office lease prices. In Q3 of 2020, the average asking price was $2.56 per square foot per month, compared to the overall average asking rent of $3.48 for Los Angeles County. As of Q3 2020, 365,000 square feet of office space were under construction.
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What Our Brokers Say About Studio City
Studio City spans roughly 6 square miles and is bordered by Valley Village to the north, Sherman Oaks to the west, Hollywood Hills and North Beverly Park to the south, and Toluca Lake and Universal City to the east.
The neighborhood is walkable to a limited degree, with a walk score of 65. Those looking to commute in and around the area would do well to have a car, as public transit options are also fairly limited. However, the Metro Red Line stops at the Universal/Studio City Metro station. The I-101 freeway runs along the edge of Studio City, and Ventura Boulevard runs through it.
Studio City office space tenants will benefit from a number of local amenities. Craving a midday breather, or just an outside spot for lunch? There are many local parks to relax in, such as Moorpark Park, The Studio City Recreation Center, Wilacre Park, and Woodbridge Park, to name just a few. Additionally, there are many hot restaurants in the neighborhood, in particular along Ventura Boulevard. Check out Chin Chin Studio City, Tuning Fork LA, Olive & Grill, or Sushi Katsu-Ya Studio City for a long lunch or a business dinner. For a quicker, more casual lunch, try 8oz Poke, Mendocino Farms, or Raw Junkies.
As previously mentioned, the most notable local employers include household-name studios, such as CBS, NBC Universal, and Universal Studios.
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