Most listings are in the $30's per square foot per year. The Westlake submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been made available, which means spaces are probably going fast. 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.
Even though the median size is 3,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 8 stories. Most buildings in this area 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 region. 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.