From time to time, we like to highlight recent deals from the CompStak database that we find interesting. We hope you will find the information helpful.
Sherman Oaks: Real Estate Investment Company Signs on Ventura Boulevard
A real estate investment company has new contact information effective January 13, 2014. The new lease, signed at the end of 2013 is for a 5,024 SF office space at 13949 Ventura Boulevard in Sherman Oaks. They will be paying full service rent in the $2.10-$2.30 range PSF for about three years. The rent may seem slightly above the average for the San Fernando Valley submarket, which was over $2.00 PSF over the past year. Buildings along Ventura Boulevard, however, typically achieve higher than average rent for the area, and such was the case with a production studio's lease for over $2.50 PSF in starting rent from earlier in 2013.