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.
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
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% |
Office Spaces for Rent in California
Coworking Spaces in California
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 2945 Townsgate Road | 2945 Townsgate Road, 91361 | 65,931 | 2008 |
| 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 |
| Westlake Plaza Center III | 2815 Townsgate Road, 91361 | 77,108 | 2001 |
| Westlake Village City Center | 31111 Agoura Road, 91361 | 65,018 | 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 Gardens | 2535 Townsgate Road, 91361 | 93,845 | 1998 |
| 31248 Oak Crest Dr | 31248 Oak Crest Dr, 91361 | 53,133 | 1998 |
Worth noting among recent office completions on the Westlake Village market is 2945 Townsgate Road, which is currently the largest new office development in the city, at 65,931 square feet.
See reports for other markets
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- 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.