Westlake Industrial

Westlake

Office Space Market Report

Number of Listings (last 90 days)
115
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,900
As of: August 17, 2017

Westlake Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westlake submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 20% decrease in rent.

Westlake Listing Supply

In the last 90 days, 8 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the Westlake are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,900 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 2000 and are Class A.

Westlake Community

Market Report

Trends and status of the commercial real estate market in Westlake.
Market Report

Market Data

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