Submarket Snapshot: Encinco’s office market in Q1 2016

Los Angeles /
Apr.April 21, 2016 05:10 PM

Encino saw the lowest vacancy rate in the San Fernando Valley in the first quarter, according to a report by Transwestern.

The 3.2 million-square-foot submarket saw 9.6 percent vacancy, compared to the market total of 15.4 percent. Sherman Oaks saw the second-lowest vacancy rate, at 9.7 percent, while the Western San Fernando Valley saw the highest, at 39.4 percent. 

Encino office rent averaged $2.70 a square foot a month in the first quarter, higher than the market total of $2.40.

The submarket saw 40,640 square feet of positive absorption.


Related Articles

arrow_forward_ios
Meghan Trainor and her Encino Mansion (Photos via Getty; Savills)
Meghan Trainor picks up Encino mansion from TMG Fresh
Meghan Trainor picks up Encino mansion from TMG Fresh
Joseph Penner and the apartment building
Hill Street Realty pays $27M for Tarzana rental complex
Hill Street Realty pays $27M for Tarzana rental complex
Mookie Betts (Credit: Ralph Freso/Getty Images, and Vimeo via Dirt.com)
Mookie Betts follows World Series win with Encino home buy
Mookie Betts follows World Series win with Encino home buy
20460 North Sherman Way (Google Maps)
Manasseh Building plans 59-unit complex in Winnetka
Manasseh Building plans 59-unit complex in Winnetka
Affirmed Housing CEO James Silverwood and the development site (Affirmed, Google Maps)
Affordable developer proposes complex in Chatsworth
Affordable developer proposes complex in Chatsworth
The 97-unit complex (Credit: Google Maps)
In San Fernando Valley, 97-unit complex sells for $26M
In San Fernando Valley, 97-unit complex sells for $26M
WS Communities CEO Scott Walter and VP of Finance Gregory Proniloff, Madison Realty Capital’s Josh Zegen, 1433 Euclid Street in Santa Monica; and rendering of mixed-use project at 3030 Nebraska Avenue in Santa Monica (Credit: Google Maps and Madison Realty Capital)
WS Communities nabs $150M loan for six renovations and a development site
WS Communities nabs $150M loan for six renovations and a development site
8940 N Reseda Boulevard (Credit: Google Maps)
Developers eye Northridge site for 51-unit apartment complex
Developers eye Northridge site for 51-unit apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...