16,266 Spaces in 6,404 Buildings Available Now In San Fernando Valley

Market Overview

There are many great opportunities to lease commercial office space in the San Fernando Valley in Southern California and an abundance of great locations. With it's close proximity to Los Angeles, there are many possible locations for office space in the San Fernando Valley, centered along Ventura Boulevard, which runs east and west through the valley through such communities as Studio City, Sherman Oaks, Encino, Tarzana and Woodland Hills. In the north and east valley, there are such communities as North Hollywood, Northridge, Chatsworth and Burbank.

It is important to know the going rate for leases in the area, so you know what to expect when negotiating for your own office space with your Landlord. The current vacancy rates for office space properties in the San Fernando Valley are decreasing, after reaching an all time high in the 4th quarter of 2010, and finished the 1st quarter of 2011 at 19.2%. During this time the San Fernando Valley saw a net absorption of over 290 thousand square feet. The average asking lease rate in the San Fernando Valley finished the quarter at $2.22 per square foot per month, a decrease for the tenth consecutive quarter. Despite some positive absorption, the San Fernando Valley will likely remain a tenants market for office space in the foreseeable future.