Westlake North Office Space

Westlake North

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,150
As of: May 24, 2017

Westlake North Rates

On average, listings lease in the $30's per square foot per year. The Westlake North region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake North region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Westlake North Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings 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 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 1,150 sqft. Most properties in this region are around 3 floors. Most buildings in this area 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 residents. Commuting around 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