2023 Office Space Rent & Sales
- $30.79 2023 Avg. Asking Rent
- 16.85% 2023 Office Vacancy Rate
Westlake Village office price per square foot in 2023 was $30.79 on average. The local office market recorded an average vacancy rate of 16.85% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Westlake Village Class A & A+ Office Space$39.00
- Westlake Village Class B Office Space$30.50
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Westlake Village, CA Office Asking Rents by Class
2023 Office Vacancy Rates in Westlake Village
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Thousand Oaks | $30.74 | 36.29% |
Agoura Hills - Calabasas | $29.08 | 18.79% |
Coworking Spaces in California
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Office building | Address | SF | Completed |
---|---|---|---|
Westlake Park Place - 3045 & 3075 Townsgate Road | 3043 Townsgate Road, 91361 | 120,934 | 2016 |
Westlake Park Place - 2931 & 3027 Townsgate Road | 3027 Townsgate Road, 91361 | 70,781 | 2008 |
2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
Westlake Park Place - 2915 & 2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
Westlake Park Place | 2945 Townsgate Rd., 91361 | 60,466 | 2008 |
2629 Townsgate Rd. | 2629 Townsgate Rd., 91361 | 952 | 2007 |
2 Dole Dr | 2 Dole Dr, 91362 | 676,545 | 2006 |
Westlake Landmark - Building II | 30870 Russell Ranch Road, 91362 | 115,677 | 2006 |
Townsgate Technology Center | 2475 Townsgate Road, 91361 | 64,457 | 2003 |
Westlake Plaza Center III | 2815 Townsgate Road, 91361 | 77,108 | 2001 |
Worth noting among recent office completions on the Westlake Village 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.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
- Santa Clara Office Rent Price
- Long Beach Office Rent Price
- Beverly Hills Office Rent Price
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 Westlake Village 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.