Highlights
- The average rent for office space in Sherman Oaks is $47.08 per square foot, 31.97% higher compared to the previous year.
- The market’s vacancy rate stands at 16.76%, lower than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $47.08 2025 Avg. Asking Rent
- 31.97% Y-o-Y Avg. Asking Rent Change
- 16.76% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Sherman Oaks?
Average asking rents for office space here stand at $47.08 per square foot. The local office market recorded an average vacancy rate of 16.76% in 2025, unchanged from 16.76% in 2024.
Sherman Oaks, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in Sherman Oaks?
- Avg. Asking Rent Class A & A+$50.97
- Avg. Asking Rent Class B$35.08
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
What are the largest recent office completions in Sherman Oaks?
The largest recent office completion here is Sherman Oaks Galleria - Courtyard, Garden & Atrium Office Buildings & Shopping Mall at 695,269 square feet, completed in 1979. The next largest completions are Valley Executive Tower and Sherman Oaks Atrium.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4312 Woodman Ave | 4312 Woodman Ave, 91423 | 40,104 | 1990 |
| 14242 Ventura Blvd | 14242 Ventura Blvd, 91423 | 21,618 | 1989 |
| 4533 Van Nuys Blvd | 4533 Van Nuys Blvd, 91403 | 2,500 | 1986 |
| Sherman Oaks Atrium | 15315 Magnolia Blvd, 91403 | 92,996 | 1985 |
| 15060 Ventura Blvd | 15060 Ventura Blvd, 91403 | 52,929 | 1985 |
| Valley Executive Tower | 15260 Ventura Blvd, 91403 | 387,972 | 1984 |
| Valley Corporate Commuity Center | 5121 Van Nuys Blvd, 91403 | 24,852 | 1984 |
| Sherman Oaks Centrium | 5170 Sepulveda Blvd, 91403 | 1,536 | 1984 |
| Sherman Oaks Galleria | 15303 Ventura Blvd, 91403 | 21,000 | 1981 |
| Sherman Oaks Galleria - Courtyard, Garden & Atrium Office Buildings & Shopping Mall | 15301 Ventura Blvd, 91403 | 695,269 | 1979 |
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.