West Lake Hills Office Space

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,960
As of: February 26, 2017

West Lake Hills Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Lake Hills region is seeing a a boost in rates. In the last 3 months, the median rate rose $33 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the West Lake Hills region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

West Lake Hills Listing Supply

In the last 90 days, 11 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the West Lake Hills are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,960 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1999 and are Class A.

West Lake Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst West Lake Hills occupants. Commuting between 30 and 45 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 West Lake Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Lake Hills.
Research