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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Westlake region is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $14 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area commercial real estate market, the Westlake region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 160 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,300 sqft. Most buildings in this region are close to 4 stories. Most buildings in this region were built approximately 1980 and are Class A.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. 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.
Real time and historical data on commercial real estate listings in Westlake.
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