Office Rental Market
- $31.25 2019 Avg. Asking Rent
- 12.58 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Westlake Village Class A Office Buildings$40.15
- Westlake Village Class B Office Buildings$29.01
- CA Class A Office Buildings$51.59
- CA Class B Office Buildings$34.34
- CA Class C Office Buildings$22.62
Westlake Village, CA Office Asking Rents by Class
2019 OFFICE VACANCY RATES
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Thousand Oaks | $34.40 | 9.24 % |
| Agoura Hills - Calabasas | $30.15 | 10.04 % |
- The lowest office vacancy rate in 2019 in Westlake Village was 9.24 % in the Thousand Oaks submarket, where asking rents averaged $34.40.
- The highest office vacancy rate in 2019 in Westlake Village was 10.04 % in the Agoura Hills - Calabasas submarket, where asking rents averaged $30.15.
OFFICE CONSTRUCTION IN Westlake Village, CA
- Westlake Village, CA Total Sqft completed in 2019 0
- Westlake Village, CA Total Sqft under construction in 2020 0
| Building name | Address | Total Sqft | Year built |
|---|---|---|---|
| The Oaks at Westlake | 1 Baxter Way, 91362 | 355,000 | 1982 |
| Lakeview Corporate Center | 112 South Lakeview Canyon Road, 91362 | 259,539 | 1987 |
| 31303 Agoura Road | 31303 Agoura Road, 91361 | 253,720 | 1981 |
| 3500 Willow Lane | 3500 Willow Lane, 91361 | 223,406 | 1986 |
| Wellpoint Thousand Oaks | 4553 La Tienda Drive, 91362 | 217,613 | 1986 |
| One Dole Drive | 1 Dole Drive, 91362 | 168,729 | 1999 |
| The Water Court at Westlake | 850 Hampshire Road, 91361 | 165,631 | 1980 |
| Rolling Oaks Medical Center | 415 East Rolling Oaks Drive, 91361 | 148,034 | 2001 |
| Westlake North Business Park - Building I | 30700 Russell Ranch Road, 91362 | 137,762 | 2000 |
| Gate One | 2625 Townsgate Road, 91361 | 134,848 | 1989 |
| Office building | Address | Sqft | Completed |
|---|---|---|---|
| Westlake Park Place - 3045 & 3075 Townsgate Road | 3043 Townsgate Road, 91361 | 120,934 | 2016 |
| Westlake Park Place - 3059 Townsgate Road | 3059 Townsgate Road, 91361 | 102,344 | 2015 |
| Westlake Park Place - 3011 Townsgate Road | 3011 Townsgate Road, 91361 | 102,012 | 2008 |
| 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 |
| 2629 Townsgate Road | 2629 Townsgate Road, 91361 | 34,000 | 2008 |
| The Vantage at Westlake | 2629 Townsgate Road, 91361 | 34,000 | 2008 |
| Westlake Landmark - Building II | 30870 Russell Ranch Road, 91362 | 115,677 | 2006 |
| Westlake Landmark - Building I | 30930 Russell Ranch Road, 91362 | 64,304 | 2006 |
| North Ranch Corporate Center - 4580 East Thousand Oaks Blvd | 4580 East Thousand Oaks Blvd, 91362 | 37,103 | 2005 |
Office Spaces for Rent in California
See trends for nearby markets
The Westlake Village office market contains an inventory of 4,733,892 square feet of office space, in 89 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.