Westlake South Retail

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Westlake South

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Westlake South Rates

On average, listings lease in the $20's per square foot per year. The Westlake South region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Metropolitan Los Angeles market, the Westlake South submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Westlake South Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 460 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this region were built in 1925 and are Class B.

Westlake South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Westlake South folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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