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.
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.
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.