Westlake North Office Space

Westlake North

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,000
As of: March 12, 2017

Westlake North Rates

On average, listings lease in the $30's per square foot per year. The Westlake North region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decline in rent.

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

Westlake North Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1967 and are Class B.

Westlake North Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Westlake North occupants. Commuting approximately an hour and a half 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 North.
Market Report

Market Data

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