The typical asking rate per listing is in the $20's per square foot per year. The Westlake Village region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 23 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 26% of the listings in the Westlake Village 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1988 and are Class A.