Commercial Real Estate Market in Westlake Village, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
53 active listings and 319 off-market properties in Westlake Village, CA. Commercial property asks $668/SF to buy and $48.00/SF/Yr to lease.
Market Trends
Westlake Village, CA spans 47.9 square miles in Ventura County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Westlake Village, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Westlake Village, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Westlake Village, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Westlake Village, CA asks $446/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Westlake Village, CA has 56,065 residents in 22,776 households. Density runs 1,172 people per square mile. Median household income here is $139,429 and median gross rent $2,741 a month.
56,065
Population
22,776
Households
2.5
Avg Household Size
48
Median Age
57%
College-Educated
97%
High-School Grad
47.9 sq mi
ZIP Area
1,172
Density / Sq Mi
$139,429
Median Household Income
$67,644
Median Earnings
$2,741
Median Rent
$1,168,740
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Westlake Village?
Commercial property in Westlake Village, CA asks an average of $668 per square foot. The 5 most recent recorded sales traded at a median of $425/SF, so asking sits 57% above the achieved median. Multifamily carries the highest asking price at $446/SF.
How much does it cost to lease commercial space in Westlake Village?
Asking lease rates in Westlake Village, CA average $48.00 per square foot per year.
Where does Realmo's Westlake Village market data come from?
Realmo compiles Westlake Village, CA figures from 7 recent recorded sales, 20 active sale listings, 33 active lease listings, 319 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 33 active for-lease listings in Westlake Village, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
