Westlake Office Space

Westlake

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
3,000
As of: August 18, 2017

Westlake Rates

Most listings are in the $30's per square foot per year. The Westlake region is seeing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 31% increase in rent.

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

Westlake Listing Supply

In the last 90 days, 3 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 233% of the available space in the Westlake are subleases, so you might be able to snag a great spot on a short term. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region 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 market. Commute by car is the most popular way to get to work amongst Westlake occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

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