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Office Space for Rent in Thousand Oaks, CA - 91 Listings

Thousand Oaks, CA - Office Market Overview

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The Thousand Oaks real estate market includes the Newbury Park, Thousand Oaks City, and Westlake Village commercial real estate submarkets. Although the population of Thousand Oaks is less than 130,000, it is the second-largest city in Ventura County.

As of mid-2017, the Thousand Oaks office market encompasses over 2.5 million square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Thousand Oaks, CA, receives considerable demand from business and industry due to its location just 35 miles from Downtown Los Angeles.

Thousand Oaks, CA - Office Inventory Description

Once a thriving agricultural area, Thousand Oaks has become a hub for the cutting-edge high technology and biotechnology industries, earning the nickname 'The Next Silicon Valley'. As such, demand for office space in Thousand Oaks is consistently strong. While there are no office buildings in the city larger than 50,000 square feet that are rated as Class A, Class B office space in Thousand Oaks is nearly 2.3 million square feet of space on the market, while Class C office property makes up the difference.

The Thousand Oaks Newbury Park office submarket is one area of the city that attracts both office tenants and commercial real estate investors alike. Located along Highway 101 just west of the Lynn Road exit, this part of the city is home to portfolio-investment office property such as The Arbors - Building C, the Conejo Spectrum - 1525 Rancho Conejo Blvd, and 2100 Corporate Center Drive.

Thousand Oaks, CA Commercial Inventory Breakdown

Office Spaces

Total: 7,008,584 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 2,493,992 SF / 35.58% of total office
  • 100k to 500k SF: 4,514,592 SF / 64.42% of total office

By class:

  • Class A: 1,051,147 SF / 15% of total office
  • Class B: 5,387,688 SF / 76.87% of total office
  • Class C: 443,511 SF / 6.33% of total office

Top 10 Largest Office Buildings

in Thousand Oaks

Office building Address Sqft Year built
The Oaks at Westlake 1 Baxter Way, 91362 355,000 1982
Amgen Corporate Headquarters 1 Amgen Center Drive, 91320 265,000 1998
Lakeview Corporate Center 112 South Lakeview Canyon Road, 91362 259,539 1987
31303 Agoura Road 31303 Agoura Road, 91361 253,720 1981
Wellpoint Thousand Oaks 4553 La Tienda Drive, 91362 217,613 1986
Conejo Corporate Campus 2380 Conejo Spectrum Street, 91320 200,878 2001
Newbury Business Park 3525 Old Conejo Road, 91320 179,766 1981
One Dole Drive 1 Dole Drive, 91362 168,729 1999
The Water Court at Westlake 850 Hampshire Road, 91361 165,631 1980
225 Hillcrest 225 West Hillcrest Drive, 91360 158,885 1983

Most Recently-Built Office Buildings

in Thousand Oaks

Office building Address Sqft Year built
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
Bella Vista Professional Building 555 Marin Street, 91360 43,000 2009
Conejo Ridge Executive Center 3045 Old Conejo Road, 91320 138,013 2008
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
The Arbors - Building D 2560 Teller Road, 91320 71,402 2007
The Arbors - Building B 2535 West Hillcrest Drive, 91320 71,000 2007
2101 Corporate Center Drive 2101 Corporate Center Drive, 91320 49,341 2007

Thousand Oaks, CA - Green Office Space

Employment

With a little over 259,000 square feet of green office space in Thousand Oaks, this segment of the commercial real estate market is just beginning to grow, and the city isn't alone. The most recent National Green Building Adoption Index, completed in 2017, looked at the top 30 office markets in the U.S. and reported that over the past 12 years the overall percentage of LEED-certified and EPA Energy Star-rated office space has increased from less than 5% in 2005 to about 38% today.

While the city isn't big enough to be a top 30 office market itself, there is still green office space in Thousand Oaks. One example of a LEED-certified office building is the Lakeview Corporate Center. Located in the Westlake Village commercial real estate submarket of the city, this property was constructed back in 1987 and holds a LEED Silver certification.

Thousand Oaks, CA's Top Office-Using Sectors

The Thousand Oaks office market sees consistently strong demand from top office-using sectors like the high technology, biotechnology, healthcare & education businesses, along with a variety of large corporate office users.

  • High Technology – White-collar office employment in Thousand Oaks is partly created by high-tech firms such as Skyworks Solutions and Verizon Wireless.
  • Biotechnology – Anthem, Inc., Amgen, and Baxter International are some of the largest employers and users of white-collar office space in Thousand Oaks.
  • Healthcare & Education – The Los Robles Hospital & Medical Center, California Lutheran University, and Baxalta help to drive the demand for commercial real estate in Thousand Oaks, California.
  • Corporate Office – Bank of America, General Dynamics Corporation, and SAGE Publications are some of the larger corporate office users in Thousand Oaks, CA.

Thousand Oaks Demographics

Population

  • Total Population145,924
  • Male Population(49.1 %) 71,631
  • Female Population(50.9 %) 74,293
  • Median Age44.00

Income/Financial

  • Average Household Income$150,842
  • Median Household Income$112,140
  • Median Income Under 25$55,273
  • Median Income 25-44$113,580
  • Median Income 45-64$129,774
  • Median Income Over 65$79,700

News

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