Westlake Retail

Westlake

Office Space Market Report

Number of Listings (last 90 days)
11
Median Size (sqft)
5,840
As of: December 3, 2016

Westlake Rates

On average, listings lease in the $0's per square foot per year. The Westlake region is going through a decline in rates. In the last 3 months, the median rate decreased $36 per sqft per year. That's a 100% decline in rent.

Westlake Listing Supply

In the last 90 days, 9 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 11% 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 5,840 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 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 market. 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.

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