On average, listings lease in the $30's per square foot per year. The Westlake Village submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 11 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 12,860 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 1989 and are Class A.