Commercial Real Estate Market in Sherman Oaks, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
265 active listings and 5,851 off-market properties in Sherman Oaks, CA. Commercial property asks $363/SF to buy and $24.56/SF/Yr to lease.
Market Trends
Sherman Oaks, CA spans 13.1 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Sherman Oaks, CA asks $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Sherman Oaks, CA asks $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Sherman Oaks, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Sherman Oaks, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Sherman Oaks, CA has 122,569 residents in 55,561 households. Density runs 9,328 people per square mile. Median household income here is $93,842 and median gross rent $2,059 a month.
122,569
Population
55,561
Households
2.2
Avg Household Size
38
Median Age
51%
College-Educated
88%
High-School Grad
13.1 sq mi
ZIP Area
9,328
Density / Sq Mi
$93,842
Median Household Income
$53,824
Median Earnings
$2,059
Median Rent
$1,173,667
Median Home Value
Tools
Lease vs Buy Breakeven
At $24.56/SF/Yr lease vs $363/SF buy → buying wins if held > 3.5 years.
The comparison uses county-wide sale comps against Sherman Oaks asking rents, so the implied 6.8% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Hollywood | $363 (county avg) | $41.11 |
| Van Nuys | $363 (county avg) | $24.56 |
| Burbank | $363 (county avg) | $37.62 |
| San Fernando | $363 (county avg) | $74.12 |
Commercial property in Sherman Oaks, CA asks $363/SF. The 4 bordering markets run from $363/SF in North Hollywood to $363/SF in North Hollywood, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sherman Oaks?
Commercial property in Sherman Oaks, CA asks an average of $363 per square foot. The 7 most recent recorded sales traded at a median of $380/SF. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Sherman Oaks?
Asking lease rates in Sherman Oaks, CA average $24.56 per square foot per year.
Is it cheaper to lease or buy commercial space in Sherman Oaks?
Buying beats leasing in Sherman Oaks, CA if the property is held longer than 3.5 years, comparing $24.56/SF/Yr asking rent with $363/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Sherman Oaks compare to nearby markets on price?
Sherman Oaks, CA asks $363/SF against $363/SF in North Hollywood, $363/SF in Van Nuys, $363/SF in Burbank and $363/SF in San Fernando.
Where does Realmo's Sherman Oaks market data come from?
Realmo compiles Sherman Oaks, CA figures from 7 recent recorded sales, 151 active sale listings, 114 active lease listings, 5,851 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 151 active for-sale and 114 active for-lease listings in Sherman Oaks, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
