The typical asking rate per listing is in the $20's per square foot per year. The Westlake Village submarket is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 18 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 28% of the available space in the Westlake Village are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1988 and are Class A.