Westlake Village Office Space

Westlake Village

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,600
As of: March 12, 2017

Westlake Village Rates

Most listings are in the $30's per square foot per year. The Westlake Village region is seeing a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Westlake Village Listing Supply

In the last 90 days, 18 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases 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 3,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1988 and are Class A.

Westlake Village Community

Market Report

Trends and status of the commercial real estate market in Westlake Village.
Market Report

Market Data

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