On average, listings lease in the $30's per square foot per year. The Downtown Thousand Oaks submarket is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Downtown Thousand Oaks region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1987 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Thousand Oaks occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.