Westlake Sublease

Westlake

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
9,100
As of: August 21, 2017

Westlake Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westlake submarket is going through a decline in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 54% decline in rent.

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 discounted submarket.

Westlake Listing Supply

In the last 90 days, 6 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases in the Westlake 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 9,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 floors. 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 area. Commute by car is the most popular way to get to work amongst Westlake occupants. Commuting close to 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