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.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- 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
Office Spaces for Rent in California
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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 |
|---|---|---|---|
| Newbury Park Medical Plaza | 400 S Reino Rd, 91320 | 8,130 | 2009 |
| 2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 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 |
| Four Seasons Westlake | 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 |
| USA Business Park - 3623 Old Conejo Rd | 3623 Old Conejo Rd, 91320 | 19,248 | 2002 |
| Conejo Corporate Campus | 2380 Conejo Spectrum Street, 91320 | 100,000 | 2001 |
| Conejo Spectrum | 2380 Conejo Spectrum Dr., 91320 | 99,239 | 2001 |
Worth noting among recent office completions on the Thousand Oaks market is Newbury Park Medical Plaza, which is currently the largest new office development in the city, at 8,130 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.