West Lake Hills Office Space

West Lake Hills

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
4,540
As of: June 27, 2017

West Lake Hills Rates

On average, listings lease in the $20's per square foot per year. The West Lake Hills region is seeing a an increase in rates. In the last 3 months, the median rate increased $30 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 have to negotiate above asking rent to be in this hot region.

West Lake Hills Listing Supply

In the last 90 days, 11 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the office spaces in the West Lake Hills 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 4,540 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this market were built in 1998 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 market. Commute by public transit is the most popular way to get to work amongst West Lake Hills folk. 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