On average, listings lease in the $50's per square foot per year. The Westside submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 460 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available space in the Westside are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,010 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this region were built in 1974 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Westside occupants. 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 Westside.
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