Westlake Commercial Real Estate

Westlake

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
3,000

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

Westlake Listing Supply

In the last 90 days, 51 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available leases in the Westlake are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area were built in 1988 and are Class A.

Westlake Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Westlake folk. Commuting close to 30 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