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.
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.