Westlake South Office Space

Westlake South

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
12,150
As of: January 17, 2017

Westlake South Rates

Most listings are in the $20's per square foot per year. The Westlake South region is seeing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake South submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Westlake South Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases might be 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.

Even though the median size is 12,150 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 10 stories. Most buildings in this area were built in 1925 and are Class B.

Westlake South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Westlake South folk. Commuting between 20 and 25 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 South.
Market Report

Market Data

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