Encino, CA is a peaceful, affluent neighborhood in the San Fernando Valley region of Los Angeles with unusually large properties and open spaces. Enjoy a small-town feel while retaining access to big-city amenities. Encino’s major industries are health care, social services, and professional services. Encino Commons, sometimes called The Valley’s Miracle Mile, is a popular shopping destination that also includes more than 300 retail businesses. See below to learn about Encino, CA’s commercial properties, commercial space pricing, neighborhood amenities, and more. To start your search for office space for lease in or near Encino, contact us today.
Office Space | Encino, CA Lease Data & Trends
Most commercial real estate brokers and firms designate Encino as part of the San Fernando Valley region, which is also sometimes called Los Angeles North. In this region, office space seekers will find a good spread of both Class A and Class B spaces available. In Q3 of 2020, about 14.5% of office spaces were available to new tenants; 0.7% of this was sublease space, while the rest was direct space. This vacancy rate marked an increase from the vacancy rate of 12.9% in Q2 of 2020. As of the end of Q3 2020, around 1,136,600 square feet of commercial real estate had been leased.
The average asking price for office space for lease in this region hovers around $2.60 per square foot per month, or $31.20 per square foot per year. This is relatively affordable compared to other Los Angeles submarkets such as West Los Angeles, where average asking prices are approximately $4.80 per square foot per month, or Downtown Los Angeles, where average rent prices are around $3.60 per square foot per month. Office prices in the San Fernando Valley region are significantly less than the overall Los Angeles metropolitan area average rental rate of approximately $3.50/square foot/month. This makes submarkets like Encino an attractive place for budget-conscious companies to find commercial real estate for lease at an affordable price.
The majority of Encino, CA office properties can be found along Ventura Blvd, one of the Valley’s main thoroughfares.
What Our Brokers Say About Office Space in Encino, CA
Encino, CA is located at the southern end of San Fernando Valley by the Santa Monica Mountains. Reseda and Sepulveda Basin border Encino to the north, Brentwood to the south, Bel-Air to the southeast, and Tarzana to the west. This suburb features a lot of beautiful open areas that are mostly comprised of parkland. Los Encinos State Historic Park, the Sepulveda Dam, and the Sepulveda Gardens are all fun places to explore in Encino.
Most people (83%) get around Encino by car, and traffic can be especially congested on the 405 going toward West LA. However, the Los Angeles Metro, which is the city’s bus rapid transit line, runs through Encino and can take passengers to the Warner Center or North Hollywood and more. Some Amtrak and Metrolink transportation is available as well. Because Encino has a high population of seniors, the ONEgeneration transportation program provides door to door transportation just for them. Encino is relatively safe for walking but does not have many bike lanes. The Los Angeles International Airport is just 20 miles away; check out the John Wayne Airport, just 58 miles away, for even more flight options.
The Encino Chamber of Commerce is a helpful source providing information about doing business in the neighborhood. The Chamber began in 1927 now offers events, programs, information, and listings to help local business owners and community members. To learn about businesses and services in Encino, check out the business directory.
Though Encino might not be the first place in LA you think of when it comes to finding somewhere memorable to eat, one LA Weekly writer indicated Encino could be considered a prime dining destination. Whether you need to grab a bite to eat during lunch or want to arrange a formal meeting with a coworker or a client, Encino has you covered. For a view of Los Encinos State Historic Park and some unique Californian brasserie, visit Lakeside Cafe. Or, if you’re in the mood to eat the creations of a star chef, check out Scratch Bar & Kitchen, which features the culinary masterpieces of Phillip Frankland Lee. For some impressive sushi choices, look up Okumura, which may offer the best sushi experience in San Fernando Valley.
Encino, CA is not only an ideal place to set up an office and work but also a pleasant neighborhood in which to live and build a life. This neighborhood includes and has access to a variety of fun activities for the individual, the office, or the family. For example, The Getty Center, funded by billionaire oil tycoon J. Paul Getty, offers gardens, art exhibits, a research library, concerts, and sweeping views of Los Angeles. Also, Universal Studios Hollywood is nearby. Visitors can enjoy this theme park that features rides and attractions based on some of the most famous movies and TV shows out there. The Griffith Observatory lets visitors use free telescopes so they can see the stars. Sports lovers may want to visit the Balboa Sports Complex, which offers a variety of amenities including a football field, a handball court, a baseball diamond, outdoor basketball courts, a soccer field, tennis court, volleyball courts, a children’s play area, and more.
Top Commercial Buildings in Encino, CA
Most office space properties in Encino, CA are located along Ventura Blvd, a major east-west road that runs through the San Fernando Valley. Here are some of the top commercial properties in Encino, all on Ventura Blvd. Contact us today to explore office space for lease in any of these buildings, as well as in other Encino office properties.
16430 Ventura Blvd: This boutique, Class B office property was built in the late 1980s and has 20,783 square feet of space, spanning 3 stories. Tenants will enjoy immediate access to a Gelsons market next door, as well as 24-hour access, onsite management, access to covered parking and valet parking, and tenant-controlled air conditioning. It is just off of the intersection of Ventura Blvd and Hayvenhurst Avenue.
17835 Ventura Blvd: This Class B building offers Office/Medical space. It is 3 stories tall with just under 49,000 square feet of space. Amenities include surface parking available for rent, a courtyard, and an on-site manager. The building underwent renovations in 2008. Car commuters will enjoy easy access to the I-101 and I-405 freeways.
17337 Ventura Blvd: This office property’s top amenity is likely its lush courtyard, complete with covered lunch tables and accessible for all building tenants. The building spans 3 stories with 48,000 square feet of space. Office spaces in the building generally cost about $28.20 per square foot per year to lease.
Get to Know Encino, CA
Today, Encino, CA is a thriving residential and business community as well as a popular tourist destination. In particular, it’s known for serving as the birthplace, home, or former home to a high number of famous residents. Here are just a few examples: Johnny Cash, Richard Pryor, Tom Petty, John Travolta, John Wayne, Johnny Carson, Ice Cube, and Samuel L. Jackson.
Contact us to get started on your search for Encino office space for lease.