The typical asking rate per listing is in the $30's per square foot per year. The Westlake Village region is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Westlake Village submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means new availabilities might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 12,860 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1989 and are Class A.