Westfield Industrial

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Westfield

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
830

Westfield Rates

The typical asking rate per listing is in the $40's per square foot per year. The Westfield submarket is going through a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 37% increase in rent.

Westfield Listing Supply

In the last 90 days, 58 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Westfield are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 measurement for office space in this area is around 830 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1972 and are Class C.

Westfield Community

Market Data

Real time and historical data on commercial real estate listings in Westfield.
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