On average, listings lease in the $30's per square foot per year. The Thousand Oaks submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Thousand Oaks submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 30 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Thousand Oaks are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,270 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Thousand Oaks occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.