Panorama City, Los Angeles, CA—Office Space for Rent
If you are looking for an office for rent, Panorama City is one of the most popular spots in “The Valley,” specifically, the San Fernando Valley. The area lies just north of the Los Angeles Basin, spanning a large portion of the City of Los Angeles. The famous valley is also home to iconic film studios, including Warner Bros. Studio, Walt Disney Studios, and the Universal Studios Hollywood theme park.
Panorama City is the first planned community ever built in the San Fernando Valley. It was formerly an agricultural area devoted to dairy and sheep ranches but blossomed into a residential haven after World War II. Today, it has the highest population density in the entire San Fernando Valley, with an average age of 30.
For the most part, Panorama City is a residential community of small, single-family homes and a few low-rise apartment buildings. More than 55% of the residents were born outside of the United States, so it is home to a diverse, international community. Panorama City office space is ideal for those who need to be close to transportation links, endless shopping opportunities, and restaurants for all tastes.
One interesting landmark in Panorama City is General Motors’ largest assembly plant, the Van Nuys Assembly plant, which is now the site of a shopping center called “The Plant.” It is a convenient location for residents to enjoy department stores, specialty shops, well-known eateries such as In-N-Out Burger and Starbucks, and a popular movie theater.
Panorama City Office Space–Lease Data & Trends
Panorama City lies within the LA North real estate submarket and enjoys increasing office-based occupancy due to the recent expansion of the local film and television industry. Leasing activity for office space has gone up over 60% compared to the previous quarter, with 516,965 square feet of new office space leased in the third quarter of 2021.
The rise in activity comes as a surprising addition to several other notable renewals, including those signed by Momentous Insurance in nearby Van Nuys. The overall stability in rental prices also bolsters this increase in new leases, with the average rent holding steady per square feet available.
What Our Brokers Say About Panorama City Office Space
A variety of businesses find Panorama City office space to be ideal for their growth and success. There is convenient access to the central state and interstate highways, public transportation, and shipping connections at the Los Angeles ports. So, choosing an office for rent in Panorama City is an excellent way to place your business interests in the heart of the district’s commercial opportunities.
The residential side of Panorama City is equally appealing. It creates a balance, ensuring that accessibility and infrastructure will always be a priority. Of course, the impressive concentration of retail establishments will continue to offer convenience and variety for years to come.
Many businesses in Panorama City cater to other companies, providing technical, financial, and organizational solutions. Noteworthy local ventures include:
- Davinci Virtual Office Solutions,
- H&R Block,
- San Diego Group legal services, and
- The California New Business Bureau.
Top Commercial Buildings in Panorama City
14500 Roscoe Boulevard: The six-floor building is home to various offices, from tiny 100 square-foot spaces for small businesses or co-working spaces to larger office suites over 14,000 square feet. The building is near Van Nuys Boulevard ensuring convenient access to Interstate 5 and the 405 (San Diego Freeway). Financial services, retailers, and food are all within walking distance of the office.
14418 Chase Street: Adjacent to the Panorama Mall and the local post office, this two-story building includes places to eat and shop, as well as a 24-hour fitness center. Tenants enjoy full-floor availability for single or multiple business use.
8134 Van Nuys Boulevard: As an office for rent in Panorama City, this is a well-maintained, three-story office building close to retail hubs, including The Plant and Panorama Mall. Also known as Panorama Gardens, this office building is half a mile from the Metrolink station, with a shady courtyard and newly renovated office spaces.
Get to Know LA’s Panorama City
Industry analysts consider this a “moderately diverse” area, according to the Mapping L.A. project. Panorama City has a high Latino population. The neighborhood’s diversity extends to its entrepreneurs, with the largest concentration of retail outlets in the San Fernando Valley, including The Valley Indoor Swap Meet and the Hispanic discount store, Curacao.
Panorama City is also home to two notable recreation centers. The Panorama Recreation Center serves as a drop-in facility for the Los Angeles Police Department. The Sepulveda Recreation Center features an unheated outdoor pool in season and the LA Kings Ice Center.
Why Rent Office Space in Panorama City?
Why rent office space in Panorama City? Its greatest attraction is the neighborhood’s strategic location to many other business-oriented neighborhoods, ideal for production and consulting businesses. The rest of Los Angeles is readily accessible via road and Metrolink transportation, an added incentive for choosing an office to rent in Panorama City.
Unsurprisingly, the ethnic diversity of the neighborhood provides an impressive variety of dining and shopping options, as well as cultural events and specialty stores. Single-family homes and low-rise apartment buildings dominate, but many post-war prefab houses remain neighborhood fixtures. Renters appreciate the reasonable rates and welcoming community, and analysts fully expect an increase in available space as employment increases, especially in the entertainment business.
Nearby Neighborhoods to Set Up Office Space
The San Fernando Valley continues to be a central business hub, whether for commercial, industrial, or residential considerations. As Panorama City continues to develop, so do the nearby neighborhoods of Van Nuys and Sherman Oaks to the south, Sun Valley to the east, Reseda to the west, and Mission Hills to the north.
Contact us to find out more about office space in the San Fernando Valley and nearby communities with SquareFoot —we are a great resource when it comes to finding Panorama City office space.