Westlake - Market Area Profile

Overview
Just west of central Austin along the west bank of Lake Austin, you’ll find the area known as Westlake. Made up of the areas of Westlake Hills and Rollingwood, this region of the city is known for its upscale neighborhoods and excellent schools in the Eanes school district.

 

Part of what makes Westlake so desirable is its ideal location. Here you are among Austin’s beautiful rolling hills, but you are just minutes from downtown and fun social water spots on Oyster’s Landing Marina like Hula Hut and Mozart’s coffee house.  If you're interested in leasing office space in this area, an Austin Tenant Representative can help you find the right space.

 

Area Profile
The Westlake area contributes to the many commercial spaces in Austin’s Southwest region. This entire region provides plenty of class A and B spaces among the nearly 400 office buildings, totaling 10.5 million SF of Austin office space. Leasing prices can range from $28 SF for class A space, $24 for class B space, and $22 for class C space.

 

Also found throughout the Southwest region are 100 buildings of Austin warehouse space which provide nearly 4 million SF of space with an average leasing rate of $12 SF. And, there are plenty of retail spaces with 7.6 million SF of space among the 360 buildings. To lease retail space in Westlake, expect an average leasing rate of about $23 SF.

 

Area and Community Info
If you are looking for Austin commercial real estate in an affluent area and close to first-rate neighborhoods, you may want to consider Westlake. The area provides all the amenities you need for a great work-life balance – attractive homes, convenient shopping, and easy drives to downtown.  Our leasing process can help you determne if this is the right area of town for your business.

 

Expect living costs to be higher than most areas of Austin with median home prices near $570,000. One of the reasons why locals love living here is for the strong Austin schools. Not only do Eanes schools prepare students academically to go on to attend college, they offer many extracurricular programs in athletics, music, and dance to develop well rounded students.