2024 Office Space Rent & Sales
- $28.46 2024 Avg. Asking Rent
- 0.19% Y-o-Y Avg. Asking Rent Change
- 5.38% 2024 Office Vacancy Rate
Van Nuys office price per square foot in 2024 was $28.46 on average. This marked a +0.19% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 5.38% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Van Nuys, CA Office Asking Rents by Class
Office Spaces for Rent in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 5805 Sepulveda Blvd | 5805 Sepulveda Blvd, 91411 | 87,418 | 1990 |
| Valley Medical Plaza I | 14600 Sherman Way, 91405 | 50,104 | 1990 |
| 5658 Sepulveda Blvd | 5658 Sepulveda Blvd, 91411 | 21,201 | 1989 |
| 7543 Woodley Avenue | 7543 Woodley Ave, 91406 | 9,500 | 1985 |
| Hamlin Avenue | 14431 Hamlin Street, 91401 | 5,776 | 1982 |
| 5900 Sepulveda Blvd | 5900 Sepulveda Blvd, 91411 | 78,237 | 1981 |
| Valley Medical Plaza II | 14624 Sherman Way, 91405 | 52,283 | 1981 |
| Mid-Valley Professional Bldg | 6819 Sepulveda Blvd, 91405 | 22,082 | 1981 |
| Central Valley Plaza | 7136 Haskell Ave., 91406 | 27,394 | 1972 |
| 6742 Van Nuys Boulevard | 6742 Van Nuys Boulevard, 91405 | 9,000 | 1970 |
Worth noting among recent office completions on the Van Nuys market is 5805 Sepulveda Blvd, which is currently the largest new office development in the city, at 87,418 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Van Nuys commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.