Westlake Commercial Real Estate

Westlake

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
9,100

Westlake Rates

Most listings are in the $30's per square foot per year. The Westlake region is going through a a boost in rates. In the last 3 months, the median rate rose $23 per sqft per year. That's a 145% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Westlake Listing Supply

In the last 90 days, 113 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the listings in the Westlake are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 9,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 stories. 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 around 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