Compared to the rest of the Seattle Metropolitan Area market, the Westlake region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 20 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,400 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this region were built in 1994 and are Class A.
A large portion of this market 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.