On average, listings lease in the $20's per square foot per year. The Westlake Village region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 30% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% 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 4,340 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1988 and are Class A.