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Most commerial real estate listings for lease are in the $30's per square foot per year. The Westlake region is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Westlake submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 160 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,300 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built approximately 1980 and are Class A.
This area is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. Most of the occupants 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.
Real time and historical data on commercial real estate listings in Westlake.
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