On average, listings lease in the $30's per square foot per year. The Westlake Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 32% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 12,860 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1989 and are Class A.