Westlake Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Westlake Rates

The typical asking rate per listing is in the $30's per square foot per year. The Westlake submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Westlake region has higher rates, and you'll need to make a great offer to be in this hot region.

Westlake Listing Supply

In the last 90 days, 6 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces 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 5,840 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this region were built in 1986 and are Class A.

Westlake Community

A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the folk 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.

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.