5 Los Angeles Neighborhoods Where We're Seeing Commercial Activity
PIVOT Research Team
Los Angeles is not one market. Rents, buyers and building types change from one corridor to the next, sometimes within a few blocks. These are five areas where our team has been listing, leasing and closing deals recently, and what we are seeing in each.
1. Sherman Oaks and Studio City
Ventura Boulevard is home base for PIVOT. Our office is at 14242 Ventura Blvd, Suite 215, and office and retail along the boulevard make up a large share of our leasing work. Tenants here are often professional and medical users who want a short commute from the hills and easy access to the 101 and 405. Small suites move quickly when they are well priced and move-in ready.
2. North Hollywood
North Hollywood mixes apartment buildings, retail and older industrial buildings. Recent PIVOT deals include a 16-unit apartment building on Radford Avenue, an 8-unit building on Denny Avenue near the NoHo Arts District, and the 8,640 SF auto body building at 8024-8026 Lankershim Blvd. Separately metered apartment buildings and well-located auto body space continue to draw buyers.
3. Van Nuys
Van Nuys gives investors and businesses more space for the money than the south side of the Valley. We closed the sale of a 24-unit building on Vanowen Street and are leasing a 6,494 SF retail building on Van Nuys Boulevard. Larger floor plates and on-site parking are the draw for retail tenants here.
4. Sun Valley, Pacoima and San Fernando
The northeast Valley is where much of the Valley's industrial and automotive activity happens. We leased industrial property on San Fernando Road in Pacoima and are marketing a 4,620 SF industrial building on La Rue Street in San Fernando. Users here care most about zoning, yard space, power and roll-up doors.
5. El Monte and the San Gabriel Valley
Outside the Valley, El Monte has been active for us. We sold an office building on Tyler Avenue and are leasing a former restaurant on Valley Boulevard. Second-generation restaurant space can save a new tenant significant build-out cost, which makes it worth a look for food operators.
What this means for you
Every one of these areas behaves differently. Pricing, tenant demand and the buyer pool depend on the exact street and building type. If you are buying, selling or leasing in any of them, talk to our team, or tell us what you are looking for on our Find Me a Property page and we will search the market for you.
