On average, listings lease in the $40's per square foot per year. The Westlake submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 49% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 18 listings have come on the market, which means spaces most likley are going fast. 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 1,800 sqft. Most buildings in this region are close to 8 stories. 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 region. Commute by car is the most popular way to get to work amongst Westlake folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.