On average, listings lease in the $20's per square foot per year. The Westlake Village region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 26% of the available space in the Westlake Village are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1988 and are Class A.