Van Nuys, CA 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. Its 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, CA 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
This area 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, with about 34.2 million square feet of inventory total and around 545,000 square feet of Class A space under construction. Class A inventory totals at around 16.4 million square feet, while Class B inventory totals at just under 17.8 million square feet of space. In Q3 of 2020, the total commercial vacancy rate in the Los Angeles North submarket was 14.4%, just under the Los Angeles average vacancy rate of 15%.
On average, Class A office spaces cost $2.74 per square foot per month to rent. Class A space goes for $3 per square foot per month to rent, while Class B office spaces tend to be even more affordable at $2.46 per square foot per month.
Looking for Los Angeles office or industrial properties in the area that are available to lease? Our team can help you begin your commercial real estate search in the neighborhood or in nearby locations.
What Our Brokers Say About Van Nuys, CA 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.
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 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. This neighborhood 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. The Sky Zone Trampoline Park is a fun activity for families or a setting for a particularly adventurous office outing.
Why Rent Office Space in Van Nuys, CA?
Van Nuys is an important commercial center and has experienced some fairly recent changes as well, mostly involving rezoning and transportation. A member of the Los Angeles City Council made the decision in 1991 to take a part of the neighborhood 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.
In addition to having traditional office space, Van Nuys also has a few local coworking and shared space options for businesses looking for flexible, affordable space, such as Valley Executive Suites. Premier Workspaces in Sherman Oaks is close by as well.
The submarket is home to a number of manufacturing companies due to its abundance of warehouse and industrial space.
Neighboring Areas to Lease Office Space
Want to consider your office space options in the Los Angeles North submarket? Here are a few neighborhoods near Van Nuys to explore in your office space search.
Sherman Oaks: LA’s Sherman Oaks submarket has a wide array of businesses across many industries, from nonprofit, to media, to professional services, and more. The I-101 and I-405 freeways are easily accessible within the neighborhood. Many top LA attractions, such as the Hollywood Bowl and the Getty Museum, are just a short drive away.
Encino: This neighborhood is home to around 3,800 businesses which are primarily in the healthcare, social services, and professional service sectors. There are also a number of retail stores. Outside of its business community, Encino is a fairly residential neighborhood.
North Hollywood: North Hollywood, also referred to as NoHo by locals, is a rapidly evolving neighborhood that is known for its artistic feel. There are a number of businesses in the entertainment, art, and food industries. This Los Angeles submarket is conveniently home to an LA Metro station.
To get started on your search for industrial space or office space for lease, browse available properties on our website or contact us today.