The typical asking rate per listing is in the $30's per square foot per year. The Westlake region is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 20 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this market are around 8 stories. Most buildings in this market were built in 1960 and are Class B.
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 folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.