Canoga Park, CA Office Space for Rent
Canoga Park is a thriving neighborhood in the suburbs of Los Angeles, CA. Founded in 1912, the town began as a rancho before becoming wheat farmland. Before it became Canoga Park, the area was home to several Native American tribes, including the Chumash-Venturano tribe from the Simi Hills.
Today, Canoga Park is a highly diverse neighborhood of more than 50,000 residents with an urban feel. Many professionals live in the area, making the demand for office space in Canoga Park relatively high.
For anyone looking for commercial space or industrial space for rent, Canoga Park is an excellent location to consider. Contact our team when you are ready to begin your search for suitable office space. We provide free services to tenants.
Canoga Park — Los Angeles Office Space – Lease Data & Trends
Like most parts of the country, Los Angeles County experienced economic setbacks due to the COVID-19 pandemic. However, the county is making slow but steady gains in unemployment, with 31,500 nonfarm jobs added to the market, pushing the unemployment rate to 8.2%. Professional industries that frequently use offices added 31,000 jobs, while tech businesses added 18,200.
According to Cushman & Wakefield, the Greater Los Angeles office market has a vacancy rate of 20.6%, which is a record high. By the end of Q3 2021, the market was into its sixth quarter of occupancy losses. The negative net absorption for this period is 790,061 square feet, which brings the year-to-date losses to negative 4.7 million square feet.
The emergency of the COVID-19 Delta variant put a halt on many companies returning to their offices by Labor Day 2021. However, Netflix and NFL Media completed their anticipated move-ins, helping to boost the LA office space market during the third quarter.
As of Q4 2021, new office space construction accounted for over 4.5 million square feet of future space, with 1.8 million square feet of construction completed in 2021.
What Our Brokers Say About Canoga Park Office Space
Though much of Canoga Park is residential, it still contains a reasonable range of commercial and professional establishments. Recently, the suburb has become known for enterprises in the tech and manufacturing industries bringing jobs to the area.
Organizations like Netki, ILN Technologies, Inc., Cimplebox are notable companies operating in Canoga Park. High-profile companies like Boston Scientific, Nike, and Avery Dennison also drive commercial real estate in this area.
With a diverse population featuring plenty of professionals and managers, coworking office space in Canoga Park is an option for those willing to share space. Regus offers flexible workspaces at 6303 Owensmouth Ave. Industrious Westwood and Premier Workspaces are other options in the area.
Top Commercial Buildings in Canoga Park
21300 Victory Blvd: The Warner Corporate Center is a four-star office building within walking distance to various entertainment, shopping, and dining establishments. The property features a renovated main lobby, floor-to-ceiling windows with panoramic views, and on-site building management.
6800 Owensmouth Ave: Built in 1988, this four-story Class B building has over 78,000 square feet of space. Its convenient location puts it within walking distance to Westfield Topanga Mall. It also features surface and underground parking for visitors and tenants.
22222 Sherman Way: This two-story building has a reasonable size of 22,044 square feet. As a Class C building built in 1980, it has 47 surface parking spaces and exterior signage so that passersby can easily find businesses on the premises.
7754 Deering Ave: This prime commercial real estate features smaller units ideal for various uses. The building also has traveling convenience since it is only minutes away from 118 and 101 Freeways and local shops at Warner Center.
Get to Know LA’s Canoga Park
Canoga Park may have an urban feel, but it still has a sense of hometown charm that many residents like. The small city has no shortage of history, recreation, and amenities for everyone to enjoy.
After work, residents can head to Sherman Way in Canoga Park’s historic downtown to visit one of its many antique shops or relax at Scotland Yard for cocktails and live music. Residents with families can spend the day at The Jump Around, a child-friendly entertainment venue with arcade games and bounce houses.
Why Rent Office Space in Canoga Park, CA?
Anyone who favors convenience should consider renting office space in Canoga Park. The city is highly accessible via car, bike, and the Metro Local bus line. People can easily get to and from work or anywhere else in the neighborhood.
Canoga Park also has lots of nearby amenities. Residents are never too far from stores, coffee shops, or entertainment. The area also has two regional malls, the Westfield Topanga and the Fallbrook Center.
Nearby Neighborhoods to Set Up Office Space
Though setting up office space in Canoga Park could work for your business’s needs, it is still a good idea to explore the surrounding neighborhoods. Be sure to check out some of these prime locations during your search for office space.
Winnetka: This Los Angeles suburb has a diverse population and a rich history going back to 1912. Winnetka also has a thriving business district with commercial spaces for rent, remodeled office buildings, and coworking solutions.
West Hills: West Hills is known for its history as the home for many Native American tribes during its early Spanish era. Today, the city has bustling business and commercial districts alongside its historical landmarks, making the location a worthy contender for anyone looking for office space.
Chatsworth: Though this neighborhood has a lower population density than other Los Angeles suburbs, most residents have a relatively high income. Chatsworth is also home to the 500-acre Iverson Movie Ranch, which is featured in over 2,000 film productions. The neighborhood also has Class A and Class B office spaces for those who need commercial space for work.
When you are ready to explore all the options for office space in Canoga Park, CA, contact us. Our knowledgeable team will research locations based on your needs to help you find the right fit for your business.