Westlake Office Space

Westlake

Market Report

Number of Listings
Posted in the last 90 days
3
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% decline in rent.

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

Westlake Listing Supply

In the last 90 days, 160 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Westlake are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region were built in 1986 and are Class A.

Westlake Community

A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. 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.
Research