Northridge Office Space Available for Lease

Plaza De La Cordillera, a Spanish style office building located at 18860 Nordhoff Street, Northridge.  The city of Northridge is a community in the San Fernando Valley, a part of the County of Los Angeles.  18860 Nordhoff Street, Northridge office building is centrally located with education, employment, health care, shopping and entertainment. California State University Northridge, CSUN, Medtronic, Northridge Hospital Medical Center and the Northridge Fashion Center, all within close proximity.  
Plaza De La Cordillera was built in 2001, recognizing the historical influence of the Southwest Americas on the soils of this thriving modern community of Northridge.  From the Spanish tiles and classical styled fountains to the architecture commissioned by Frank Gehry, Plaza De La Cordillera is truly one of a kind office building.  The artistic landscape and the calming water features brings a relaxed setting but professional image for any corporate office looking for an appealing headquarters in this vibrant city of Northridge.

For more information and office leasing availability, please contact Eric Nishimoto or Jay Rubin at Lee & Associates -- LA North/Ventura, Inc. at 818-223-4388.       

18860 Nordhoff Street, Northridge located on the signalized corner of Nordhoff Street and Wilbur Avenue. Other thoroughfares close by are Reseda, Corbin, Plummer, Parthenia, Tampa, Winnetka, Lassen, Lindley, Roscoe, Devonshire, Mason, White Oak, Balboa, Zelzah, Strathern, Saticoy, Sherman Way, Chatsworth, De Soto, San Fernando Mission, Rinaldi, Topanga Canyon, Vanowen, Victory, Oxnard, Ventura, Burbank, Hayvenhurst, Woodley, Haskell, Sepulveda and 118 Ronald Regan Freeway, 405 San Diego Freeway, 101 Ventura Freeway.

Servicing the Los Angeles County & Ventura County and surrounding areas of the San Fernando Valley & Conejo Valley: Chatsworth, Canoga Park, Winnetka, West Hills, Woodland Hills, Warner Center, Reseda, Van Nuys, Granada Hills, North Hills, Northridge, Porter Ranch, Tarzana, Encino, Sherman Oaks, Valley Village, Studio City, Lake View Terrace, Lake Balboa, Shadow Hills, Sun Valley, Sunland, Tujunga, Toluca Lake, Valley Glen, North Hollywood, Sylmar, Van Nuys, San Fernando, Arleta, Panorama City, Pacoima, Burbank, Glendale, Hidden Hills, Calabasas, Agoura Hills, Westlake Village, Newberry Park, Thousand Oaks, Oak Park.

Northridge Office Space Lease Rent Available Nordhoff Street Valley Porter Ranch Reseda University Lee Associates Nishimoto Work Location Headquarters Company CSUN Conference Lobby Leasing Renting Medical Financial Mortgage Bank Retail Institution Credit Card Stocks Bonds Insurance Loan Technology Education Culture Historic Fashion Shopping Employment Health Care Community Broker Los Angeles

San Fernando Valley & Conejo Valley 1st Quarter Office and Industrial Market Report

The San Fernando Valley and Conejo Valley leasing market continues to slowly move forward. Landlords are trying to keep LEASE RATES as high as possible. In turn giving tenants free rent to mitigate the difference in asking rates verses actual lease rate. Short term deals in AS-IS condition is very common to smaller types of tenants. Tenants are still shopping the market to use as a negoiating tool as their lease comes closer to it's end.  The renewal lease market is still very strong but at discounted rates and a lot of free rent.    

Click on the Full Report Link below to see the entire 1st quarter report.

San Fernando Valley Office Asking Rates 

Full Report

San Fernando Valley Industrial Asking Rates

Full Report

Ventura Office Asking Rates

Full Report

 Ventura Industrial Asking Rates

Full Report

28720 Roadside Dr, Agoura Hills "Shamrock Plaza Office" The Name

Shamrock Plaza is located in the heart of Agoura Hills situated just off the 101 Ventura Freeway between Kanan Road and Las Virgenes Road exits. 

Shamrock Holdings Inc. was the firm founded by Roy E Disney, a family investment firm. The Disney family still remains the major shareholder of this firm.  Shamrock Holdings Inc. owns a variety of assets including radio, television stations and a number of real estate assets.

In 1985, Shamrock Holdings Inc., began construction of the Shamrock Plaza. Hence the name.

Growth Forecast in our Economy

Perception is that our California economy has reached the bottom!

 Are there signs of real optimism? 2012 looks like a turning point in our economy, or is it?  

* Business spending accounted for majority of growth.

* Employment less than impressive.

* New home development has not seen a rebound yet.

* 2010 banks will have taken over 1.2 million homes. (Is a double dip rececssion in the housing market on its way? Banks are slowly moving inventory to prevent a major drop in the residential housing market. The next 3 years will be interesting)

Class A Properties are continuing their run up in prices and low cap rates as investment group are bidding up the prices trying to take advantage of this market. All other classes are still struggling and will continue to have its challenges this year.

Allen Matkins/UCLA Anderson Forecast California Real Estate Survey

California Real Estate Survey

San Fernando Valley Office & Industrial 4th Quarter 2010 Market Analysis

Declines leveling off, some small improvements

Stabilization in office rents are to be expected by 3rd Quarter 2011. Rent Concession, Tenant Improvements, Free Parking and 6 month Teaser Rates are taking over reduced rents.

Q4 2010-LAN Office



Sluggish recovery means little change for industrial market

Leasing activity remains constant while absorption has improved since last quarter.  Still a soft business climate, but the most sales activity continues to come from Owner-Users taking advantage of SBA Financing and low interest rates.

Q4 2010-LA Industrial


San Fernando Valley Industrial Properties Recently Sold

San Fernando Valley Office Rental Market Picking Up Slowly

Year end 2010 left us with conservative but encouraging recovery in the office sector.  Still the fourth quarter left landlords with presistent challenges ahead.  With multiple spaces for quality tenants to choose from, low market rents coupled with high improvement cost have pushed majority of the smaller landlords without deep pockets out of this leasing market. Not to mention the need for many existing tenants that has excess space trying to downsize.

The pace of lease transactions have picked up toward the end of the year as confidence in our economy is slowly recovering.   Over the course of this year, we should see a stabilization of rents as we have seen a decline for 12 straight quarters.  New employment and business growth is certainly the leading factors to stabilization of rents and absorption of excess space.

San Fernando Valley Office & Industrial 3rd Quarter 2010 Market Analysis

Leasing Velocity Remains Steady, But Absorption Weakens

Q3 2010-LAN Office 10-10

Leasing Volume and Sales Prices Rise, Improving Absorption Rates

Q3 2010-LA Industrial 10-10

San Fernando Valley Office & Industrial 1st Quarter 2010 Market Analysis

Improved Visibility Propels Activity, But Retrenching Still Widespread

Q1 2010-LA Office 4-10

Leasing Activity Continues to Rise as Rents Fall Further

Q1 2010-LA Industrial 4-10