On average, listings lease in the $20's per square foot per year. The Westlake Village submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $28 per sqft per year.
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 undervalued submarket.
In the last 90 days, 18 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 94% of the listings in the Westlake Village are subleases, so you might be able to find a shorter term or below market rent. 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 3,690 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1988 and are Class A.