Westlake Village, CA industrial market
The Conejo Valley/Westlake Village industrial submarket is severely supply-constrained, with very few closed sales transactions publicly available and vacancy rates near historic lows, making it difficult for buyers to find comparable data. The limited evidence suggests stabilized small-to-mid bay industrial trades in the $300-$420/SF range, with the Apr 2022 Conejo Spectrum Gateway portfolio setting a record at $403/SF; current active asking prices near the target at roughly $550-$625/SF signal continued upward pressure. Fewer than 3 verified closed sale comps at target size were found within 60 months; the two active listing comps are asking prices, not closed sales, and all documented closed sales are materially larger than the 19,200 SF target.
What's driving Industrial prices in Westlake Village
Industrial sale prices in the Conejo Valley submarket rose sharply through 2022, with limited subsequent transaction evidence suggesting prices have plateaued at elevated levels.
- Near-zero industrial vacancy in Conejo Valley driving asking prices above prior closed-sale benchmarks
- Biotech/life science demand in Rancho Conejo/Newbury Park pushing rents and values above traditional industrial levels
- Extreme scarcity of small-to-mid bay (10k-25k SF) owner-user product pushing $/SF premiums for that size class
Market intelligence
Tracking this market since Aug 2026 · 8 comps · 12-month median $567/SF · latest deal Jun 2026.
This quarter: 4 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned.
Recent Industrial comps in Westlake Village, CA
| Address | Date | Type | Size (SF) | Clear Height | Dock Doors | Price / Rate | $/SF | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|
| 1515 Rancho Conejo Blvd, Newbury Park, CA 91320 news | Apr 2022 | Sale | 88946 | 30 ft | 17 dock-high, 2 grade-level | $35,565,238 | $400 | Vacant at sale, investor acquisition for lease-up | 2022 |
| 1489 Lawrence Dr, Newbury Park, CA 91320 news | Apr 2022 | Sale | 83570 | 30 ft | 17 dock-high, 2 grade-level | $33,454,762 | $400 | Vacant at sale, investor acquisition for lease-up | 2022 |
| 2400 Conejo Spectrum, Thousand Oaks, CA 91320 news | Dec 2023 | Sale | 98841 | $14,900,000 | $151 | Vacant; sold to Ventura County Fire Department for administrative HQ | |||
| 31119 Via Colinas, Westlake Village, CA 91362 listing | Jun 2026 | Sale | 7403 | $4,195,000 | $567 | 1977 | |||
| 29619 Agoura Rd, Agoura Hills, CA 91301 listing | Jun 2026 | Sale | 5388 | $3,367,500 | $625 | 2020 | |||
| Median of 5 recent sales · $400/SF | $400 | ||||||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Westlake Village, CA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.