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When potential home buyers search "Rancho Conejo Thousand Oaks business," they're looking for the economic backbone that transforms this community from a simple suburb into a thriving professional hub. The new Conejo Summit business park spanning 50 acres with a 750,000-square-foot industrial campus represents the final piece of decades-long development, targeting companies "like the groups that are already here , the Amgens of the world." This isn't just another bedroom community. It's where biotech innovation meets suburban living, creating one of the most compelling real estate stories in Ventura County.

What Companies Are in Rancho Conejo Industrial Park?

Rancho Conejo Industrial Park targets life sciences, aerospace and defense, manufacturing and beyond, with developers specifically seeking to attract larger companies "like the groups that are already here , the Amgens of the world." Sares Regis Group purchased 11 acres in Thousand Oaks' Rancho Conejo industrial area for a project encompassing two industrial tech buildings totaling approximately 190,000 square feet.

The area has become a biotech powerhouse. Capsida Biotherapeutics transformed a vacant space on Rancho Conejo Boulevard into a state-of-the-art lab where the company develops, tests and manufactures gene therapies, with the vision to include clinical and commercial manufacturing all under one roof. Alexandria Real Estate Equities, the leading life science developer, has built projects at 1280, 1290 and 1300 Rancho Conejo Boulevard with clients including Amgen, Moderna and Johnson & Johnson, creating projects with potential to attract hundreds of high-paying jobs.

Major Developments in Rancho ConejoConejo Summit750,000 SFAlexandria Projects450,000+ SFSares Regis190,000 SFCapsida Bio50,000+ SF1M500K0Square Footage

Source: City of Thousand Oaks, Alexandria Real Estate, March 2026

The entire Conejo Valley features a surprisingly wide range of new, startup, and long-time existing companies across electronics, Internet, biotechnology, telecommunications, automotive, healthcare, computers/computing, aerospace, financing, and retail. Companies choose this location for practical reasons: great schools, beautiful views, and access to trails, nature and bike riding.

How Many Jobs Does Amgen Create in Thousand Oaks?

Current job listings show over 100,000 available positions in Thousand Oaks, with job counts ranging from 103,452 to 124,344 positions across different periods in 2026. While specific Amgen headcount data isn't publicly available, Amgen is described as "one of the world's leading biotechnology values-based companies; deeply rooted in science & innovation."

Employment in Thousand Oaks was essentially flat from 2023 to 2024 at 61,800 employees, according to Bureau of Labor Statistics data, with the most common job groups being Management Occupations (9,226 people), Sales & Related Occupations (6,750 people), and Business & Financial Operations Occupations (5,718 people). The most common employment sectors are Professional, Scientific, & Technical Services (8,555 people), Health Care & Social Assistance (7,292 people), and Educational Services (6,059 people).

The industries with the best median earnings for men are Information ($158,512), Manufacturing ($146,676), and Finance & Insurance, & Real Estate & Rental & Leasing ($130,179), while women earn highest in Information ($117,792), Manufacturing ($112,125), and Finance & Insurance ($83,044). The median household income in Thousand Oaks is $137,109, compared with the national median of $79,466.

What Are Home Prices in Thousand Oaks in 2026?

The median sale price of a home in Thousand Oaks was $1.0M in the most recent month, down 16.3% since last year, with a median sale price per square foot of $539, down 2.3% since last year. Zillow reports the average Thousand Oaks home value at $994,477, down 1.1% over the past year, with homes going to pending in around 10 days.

Source Median Price Price per SF Days on Market Year-over-Year Change
Redfin $1,000,000 $539 54 days -16.3%
Movoto $992,000 $543 38 days N/A
Zillow $994,477 N/A 10 days (pending) -1.1%
US News $935,193 N/A N/A N/A

The Thousand Oaks housing market is somewhat competitive, scoring 60 out of 100, with average homes selling for about 1% below list price and going pending in around 54 days, while hot homes can sell for around list price and go pending in around 27 days. The national average home value is $370,489, making Thousand Oaks significantly higher at $935,193 to nearly $1M, though the city offers a lower value than similarly sized cities when comparing housing costs to median household income.

For professionals working at companies like Tarantula Hill Brewing Company on Thousand Oaks Boulevard or dining at spots like Selvin's Restaurant in Newbury Park, the premium home prices reflect both the area's employment opportunities and quality of life amenities.

Why Are Businesses Choosing Thousand Oaks Over Other Markets?

Developers see Thousand Oaks' location as a differentiator, noting "It's a great place to live, great place to work and it has great schools," with beautiful views and access to trails, nature and bike riding. Venture capitalist Beth Seidenberg reports that Thousand Oaks City Manager Drew Powers sends her at least one request every two weeks from new companies interested in coming to the area.

Thousand Oaks has a healthier job market than similarly sized metro areas. Known as largely master planned city and one of the safest cities its size in the nation year after year, Thousand Oaks is regularly ranked among the top places in the nation to live and work.

The infrastructure supports business growth. Typical buildings in new developments have office space at the front with warehouse/light manufacturing space in the rear, with primary access from Rancho Conejo Boulevard and Conejo Center Drive. Entire project phasing for major developments is anticipated to be completed within approximately 10 years from commencement.

What's It Like Living and Working in Thousand Oaks?

In Thousand Oaks, 76.5% of commuters drive to work, while 0.7% use public transportation, with 2.1% walking to work and 0.5% riding bikes, according to Census data. Most people drove alone to work with an average commute time of 24.6 minutes and average car ownership of 2 cars per household.

There are about 126,819 people living in Thousand Oaks, with 23% under age 20, 10% aged 25-34, 11% aged 35-44, 28% aged 45-65, and 23% over age 65. The community offers diverse dining options from family-owned establishments to craft breweries, creating a vibrant local scene that supports both residents and the growing business community.

For families considering the area, the connection between strong employment opportunities and excellent schools creates a compelling package. The lifestyle upgrade from LA to Conejo Valley appeals to professionals seeking both career growth and quality of life, with family activities and recreational opportunities throughout the area.

Frequently Asked Questions About Rancho Conejo and Thousand Oaks Business

Is Thousand Oaks really more than just a bedroom community?

Yes, with major biotech companies like Amgen anchoring the economy, new companies requesting information weekly, and a "surprisingly wide and divergent range of both new, startup, and long-time existing companies" across multiple industries including biotechnology, aerospace, healthcare, and manufacturing.

What's driving the biotech boom in Rancho Conejo?

The area attracts not just individual companies but "the ancillary support structure that's necessary to support these companies," with established venture capital firms like Westlake Village BioPartners creating over 10 companies including successful exits like Tesaro (acquired for over $5 billion).

How do home prices compare to the job market strength?

While home values around $935,193 to $1M are significantly higher than the national average of $370,489, the median household income of $137,109 compared to the national median of $79,466 helps offset housing costs for professionals in the area's high-paying industries.

What new business development is coming to the area?

The 750,000-square-foot Conejo Summit business park represents "the final piece" of decades-long development, while Sares Regis Group's 190,000-square-foot project shows continued investment, with buildings divisible to accommodate companies from 20,000 square feet and up.

Thinking About Buying or Selling in Thousand Oaks?

Davis Bartels and the DB Real Estate Group have helped nearly 1,000 families navigate the local market since 2009. Whether you're exploring your options or ready to make a move, working with a local expert provides insight into both the business landscape and residential opportunities. For those considering selling your home, reach out for a no-pressure conversation about your goals.

Contact Davis: davisbartels.com