Westlake Office Space For Lease

Westlake

Market Report

Number of Listings For Lease
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,300

Westlake Commercial Real Estate

Find Westlake commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Westlake commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Westlake Rates

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.

Westlake Listing Supply

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.

Westlake Community

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.

Market Data

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