2022 Q2 San Fernando Valley and Ventura County Office Research Report
Asking rental rates are up in every San Fernando Valley & Ventura County submarket over the quarter. The largest increase was in East San Fernando Valley where the average asking rent is now up 5.6% year over year, ending at $3.56 PSF per month. The average asking rent in Sherman Oaks continued to climb, reaching an all-time high of $2.86 PSF per month. Most of the activity continues to be in Central San Fernando Valley where there was 168,286 SF of leasing in Q2, accounting for 34% of the overall market total. Year-to-date leasing activity in San Fernando Valley & Ventura County reached nearly 1.2M SF, outpacing the amount recorded at midyear 2020 by 61%.