Highlights
- The average rent for office space in Westlake Village is $32.98 per square foot, 7.23% higher compared to the previous year.
- The market’s vacancy rate stands at 11.33%, lower than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $32.98 2025 Avg. Asking Rent
- 7.23% Y-o-Y Avg. Asking Rent Change
- 11.33% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Westlake Village?
Average asking rents for office space here stand at $32.98 per square foot. The local office market recorded an average vacancy rate of 11.33% in 2025, unchanged from 11.33% in 2024.
Westlake Village, 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.
Westlake Village, CA Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Agoura Hills - Calabasas | $32.35 | 13.87% |
| Thousand Oaks | $31.18 | 17.70% |
What are the largest recent office completions in Westlake Village?
The largest recent office completion here is 30700 Russell Ranch Road at 137,762 square feet, completed in 2000. The next largest completions are Westlake North @ 30700 and Westlake Landmark - Building II.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
| 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 |
| Westlake Plaza Center III | 2815 Townsgate Road, 91361 | 77,108 | 2001 |
| 31051 Agoura Road | 31051 Agoura Road, 91361 | 65,771 | 2001 |
| 375-415 E Rolling Oaks Dr | 375 E Rolling Oaks Dr, 91361 | 38,447 | 2001 |
| 30700 Russell Ranch Road | 30700 Russell Ranch Road, 91362 | 137,762 | 2000 |
| Westlake North @ 30700 | 30700 Russell Ranch Road, 91362 | 133,971 | 2000 |
| Westlake Gardens | 2535 Townsgate Road, 91361 | 93,845 | 1998 |
See reports for other markets
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- San Francisco Office Rent Price
- San Diego Office Rent Price
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- Pasadena Office Rent Price
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- Beverly Hills Office Rent Price
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.