On average, listings lease in the $30's per square foot per year. The Downtown Thousand Oaks submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Thousand Oaks region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 82 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the office spaces in the Downtown Thousand Oaks are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,220 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1989 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Thousand Oaks occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Thousand Oaks.
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