On average, listings lease in the $30's per square foot per year. The Westlake submarket is going through a a boost in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Westlake 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Westlake occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.