2023 Office Space Rent & Sales
- $30.31 2023 Avg. Asking Rent
- -0.56% Y-o-Y Avg. Asking Rent Change
- 46.19% 2023 Office Vacancy Rate
Thousand Oaks office price per square foot in 2023 was $30.31 on average. This marked a -0.56% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 46.19% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Thousand Oaks Class B Office Space$30.54
- Thousand Oaks Class C Office Space$28.21
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Thousand Oaks, CA Office Asking Rents by Class
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2023 Office Construction in Thousand Oaks, CA
- Thousand Oaks, CA Total SF under construction in 2024 98,626
Office building | Address | SF | Completed |
---|---|---|---|
Westlake Park Place - 3045 & 3075 Townsgate Road | 3043 Townsgate Road, 91361 | 120,934 | 2016 |
Newbury Park Medical Plaza | 400 S Reino Rd, 91320 | 8,130 | 2009 |
Westlake Park Place - 2931 & 3027 Townsgate Road | 3027 Townsgate Road, 91361 | 70,781 | 2008 |
Westlake Park Place - 2915 & 2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
Westlake Park Place | 2945 Townsgate Rd., 91361 | 60,466 | 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 |
2629 Townsgate Rd. | 2629 Townsgate Rd., 91361 | 952 | 2007 |
2 Dole Dr | 2 Dole Dr, 91362 | 676,545 | 2006 |
Worth noting among recent office completions on the Thousand Oaks market is Westlake Park Place - 3045 & 3075 Townsgate Road, which is currently the largest new office development in the city, at 120,934 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Thousand Oaks commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.