Westlake Industrial

Westlake

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
9,100

Westlake Rates

On average, listings lease in the $10's per square foot per year. The Westlake submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 50% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake region has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Westlake Listing Supply

In the last 90 days, 113 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Westlake are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 9,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1960 and are Class B.

Westlake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Westlake occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Westlake.
Research