Most listings are in the $30's per square foot per year. The Westlake region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Westlake region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the listings in the Westlake 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,880 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 5 floors. Most buildings in this market were built in 1986 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this area. 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.