Westlake Sublease

Westlake

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,150
As of: June 25, 2017

Westlake Rates

The typical asking rate per listing is in the $30's per square foot per year. The Westlake submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $34 per sqft per year.

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

Westlake Listing Supply

In the last 90 days, 6 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the Westlake 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 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 1,150 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1960 and are Class B.

Westlake Community

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 occupants. Commuting around 30 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.
Market Report

Market Data

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