Westlake Industrial

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Westlake

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,800
As of: December 10, 2016

Westlake Rates

On average, listings lease in the $40'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 increased $13 per sqft per year. That's a 49% increase in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Westlake Listing Supply

In the last 90 days, 18 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, 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 area are close to 8 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 market. Commute by car is the most popular way to get to work amongst Westlake occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Westlake.
Market Report

Market Data

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