Westlake Industrial

Westlake

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,880

Westlake Rates

On average, listings lease in the $30's per square foot per year. The Westlake region is seeing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 26% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Westlake submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Westlake Listing Supply

In the last 90 days, 160 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Westlake are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,880 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1986 and are Class A.

Westlake Community

A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. Most of the residents of Westlake work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Westlake.
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