On average, listings lease in the $20's per square foot per year. The Westgate submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 32% increase in rent.
In the last 90 days, 37 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 16% of the listings in the Westgate are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1997 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Westgate folk. Commuting close to 20 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 Westgate.
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