Thousand Oaks, California, is experiencing a dynamic business environment characterized by new ventures and developments, alongside economic challenges.
New Business Ventures
Several new businesses are setting roots in Thousand Oaks. Erewhon, a Southern California-based organic grocer and wellness brand, is preparing to open its first Ventura County location at 2150 E. Thousand Oaks Boulevard. This store, expected to open in Summer 2026, will offer a blend of grocery and café offerings, including fresh organic produce and prepared meals.
Additionally, The Paddock, a new sports bar, is set to open at 1345 East Thousand Oaks Blvd. Ty and Nina Leatherman, the new owners, are finalizing preparations with plans to open in February.
Real Estate Developments
High Street Residential has closed on approximately six acres of land at 500 Thousand Oaks Blvd. for a new multifamily development. The project will feature 328 rental units, including 44 reserved for lower-income households, and 8,500 square feet of ground-floor retail. Construction is expected to begin in the first quarter of 2026.
Economic Challenges
Despite these developments, the local economy faces challenges. The Center for Economic Research and Forecasting’s 2026 Ventura County outlook anticipates continued sluggish economic growth.
In the housing market, the median sale price of a home in Thousand Oaks was $1.1 million in March 2026, up 3.1% from the previous year. However, the number of homes sold decreased by 20.7% year-over-year, indicating a cooling market.
These developments reflect a community striving to balance growth and economic challenges, shaping the future of Thousand Oaks’ business landscape.