Van Nuys is the only Los Angeles neighborhood located in the San Fernando Valley region that has a population of more than 100,000 people. It’s an excellent choice for people who want to live the LA lifestyle without paying top dollar. Though the cost of living is still above the national average, it’s well below average for the Greater Los Angeles area. Van Nuys’ convenient location at the heart of San Fernando Valley makes transportation to and from Downtown Los Angeles easy and opens the door for many business opportunities.
One particularly notable business in Van Nuys is Sound City Studios. This well-known recording studio has worked with famous artists such as Elton John, Bill Cosby, Grateful Dead, Tom Petty and the Heartbreakers, Barry Manilow, Nirvana, Johnny Cash, Jimmy Eat World, Vanilla Ice, Kings of Leon, and Josh Groban.
Much of this neighborhood’s economy stems from Van Nuys Boulevard, an arterial road that runs about 10 miles north to south. It passes by The Village at Sherman Oaks, one of the area’s most popular shopping destinations; Sherman Oaks Hospital and Gross Burn Center; Van Nuys Government Center, which is the main location for San Fernando Valley’s government offices; the Valley Municipal Building, a cultural and architectural landmark; The Plant, a shopping center constructed at the site of the former General Motors Van Nuys plant; and San Fernando Gardens, an extensive housing project that began during the World War II era.
Van Nuys Office Space | Lease Data & Trends
Van Nuys is considered part of the Los Angeles North commercial real estate sub-market. Van Nuys is not only a reasonably priced place to live but also an affordable option to rent office space than many of the other parts of Great Los Angeles. For example, LA North commercial spaces are cheaper than that of the Westside, the South Bay area, and Mid-Wilshire.
The LA North region has a good number of both Class A and Class B spaces. On average, Class A office spaces cost $33.50 per square foot to rent. Class B office spaces tend to be even more affordable at $27/sqft to rent.
What Our Brokers Say About Van Nuys Office Space
Van Nuys is surrounded by North Hills, Panorama City, Valley Glen, Sherman Oaks, the Sepulveda Basin, Lake Balboa, and Northridge. It’s roughly bounded by Roscoe Boulevard to the north; Oxnard Street to the south; Sepulveda Boulevard, Woodman Avenue, and Hazeltine Avenue to the east; and Odessa and Hayvenhurst Avenues and Balboa Boulevard to the west.
Van Nuys locals enjoy many transportation options to get around the neighborhood, venture to other parts of the Valley, and travel to Downtown LA (which only takes about 30 minutes, depending on traffic). Public transit is readily available, as Van Nuys is part of the Orange Line and has two stations (the Van Nuys and the Sepulveda). These stations provide both rail and bus services. In addition, the neighborhood is fairly walkable and bikeable according to WalkScore’s ranking system.
Those who like to get around by car can take the 405 (San Diego Freeway), the Route 101 (Ventura Freeway), Route 170 (Hollywood Freeway), the Route 118 (Simi Valley Freeway), and the Golden State Freeway section of Interstate 5. Van Nuys has its own airport—the Van Nuys Airport—that happens to be the world’s busiest general aviation airport. Locals can also use the Hollywood Burbank Airport or the Los Angeles International Airport.
Looking for some good food or a location for a business lunch? Van Nuys won’t disappoint, especially when it comes to the Van Nuys Boulevard area. Check out Corner Grille, Farm Table, Wild Oak Cafe, TaRa Cafe & Grill, Kobee Factory, or Baked It Myself. Van Nuys also has a lot of laid-back activities, especially outdoors. Farmers markets, gardens, and parks are plentiful in this area. Check out the Japanese Garden, Woodley Park, or Lake Balboa Park to relax and enjoy the great outdoors. Van Nuys’ Sky Zone Trampoline Park is a fun activity for families or a setting for a particularly adventurous office outing.
Van Nuys | Neighborhood History
J. Whitley, general manager with the Suburban Homes Company, along with four others, bought 48,000 acres of land in the Van Nuys region in 1909. The company organized plans for not only Van Nuys but also Reseda and Canoga Park.
Some people think Van Nuys’ true beginnings stem from 1911, when a Los Angeles Times ad advertised a free train ride to the Van Nuys townsite that included a barbecue, a speech, and an auction intended to sell lots in San Fernando Valley. The Times referred to the auction as “The beginning of a new empire and a new era in the Southland.”
The town is named after Isaac Van Nuys, who owned much of what is now Roscoe Boulevard and used it for ranching purposes. No trace of his great townsite and ranch remains; only his name survived the auction and subsequent years of redevelopment.
Once the Los Angeles Aqueduct was finished, Los Angeles annexed the Van Nuys region in 1915. The area experienced commercial success even early on in part because of its stop on the San Fernando Line of the Pacific Electric Railway red cars system. Van Nuys acquired an even more important role in the area when in 1932, Van Nuys City Hall was established and made the neighborhood a center for federal, state, and city services.
Like many areas in Los Angeles, Van Nuys began as a primarily agricultural area but grew to support a variety of other industries. After World War II, Van Nuys became more commercially focused especially with the rise in demand for air travel and aircraft manufacturing. In 1946, General Motors’ Chevrolet assembly plant replaced many of Van Nuys’ agricultural areas.
Van Nuys is still an important commercial center and has experienced some fairly recent changes as well, mostly involved rezoning and transportation. A member of the Los Angeles City Council made the decision in 1991 to take part of Van Nuys and establish Sherman Oaks, and in 2005, the Metro Orange Line opened with the two stations it has today. In 2014, Mayor Eric Garcetti spearheaded the “Great Streets” project to make streets safer, implement more crosswalks, make biking easier, and upgrade bus shelters.