Westlake Sublease

Westlake

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
5,840
As of: December 8, 2016

Westlake Rates

The typical asking rate per listing is in the $40's per square foot per year. The Westlake region is going through a a rise in rates. In the last 3 months, the median rate rose $44 per sqft per year.

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

Westlake Listing Supply

In the last 90 days, 13 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 15% of the office spaces in the Westlake are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,400 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1994 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 occupants 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