Thousand Oaks Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Thousand Oaks is $32.14 per square foot, 6.65% higher compared to the previous year.
  • The average sale price for office space in Thousand Oaks is $357.74 per square foot, marking an increase of 216.35% compared to 2024.
  • The market’s vacancy rate stands at 25.37%, higher than the state average of California, which is 18.44%.

2025 Office Space Rent & Sales

  • $32.14 2025 Avg. Asking Rent
  • 6.65% Y-o-Y Avg. Asking Rent Change
  • 25.37% 2025 Office Vacancy Rate
  • $133.9M2025 Total Office Sales
  • $357.74Avg. Sale Price/SF

What is the average asking rent price for office space in Thousand Oaks?

Average asking rents for office space here stand at $32.14 per square foot. The local office market recorded an average vacancy rate of 25.37% in 2025, unchanged from 25.37% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $133.9M across 5 sales. These transactions commanded an average sale price per square foot of $357.74.

Thousand Oaks, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Explore Top Office Markets in California

2025 Office Sales Volume

  • $357.742025 Avg. Price per SF
  • $133.9M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Thousand Oaks?

Average sale prices for office space in this market recorded a +216.35% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $357.74 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Thousand Oaks, CA Sale Price per SF Trend

  • Thousand Oaks Avg. Sale Price per SF in 2025$357.74
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Thousand Oaks in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $133.9M.

  • Thousand Oaks, CA Total Office Sales Volume in 2025 $133.9M
  • Thousand Oaks, CA Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

What are the largest recent office completions in Thousand Oaks?

The largest recent office completion here is Westlake Landmark - Building II at 115,677 square feet, completed in 2006. The next largest completions are Paseo Marketplace and The Arbors - 2535 W. Hillcrest Drive.

Office building Address SF Completed
2945 Townsgate Road 2945 Townsgate Road, 91361 65,931 2008
3205 Old Conejo Road 3205 Old Conejo Road, 91320 8,121 2008
3205 Old Conejo Road 3205 Old Conejo Road, 91320 8,121 2008
3155 Old Conejo Rd 3155 Old Conejo Rd, 91320 4,779 2008
3175 Old Conejo Road 3175 Old Conejo Road, 91320 1,058 2008
The Arbors - 2535 W. Hillcrest Drive 2535 West Hillcrest Drive, 91320 71,000 2007
The Village at Dos Vientos Ranch 330 Via Las Brisas, 91320 51,056 2007
Westlake Landmark - Building II 30870 Russell Ranch Road, 91362 115,677 2006
Paseo Marketplace 3637 East Thousand Oaks Blvd, 91362 76,489 2003
Townsgate Technology Center 2475 Townsgate Road, 91361 64,457 2003
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.