The typical asking rate per listing is in the $20's per square foot per year. The Westpoint submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Gold Coast market, the Westpoint submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 18 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the office spaces in the Westpoint are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 50,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 2006 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of Westpoint work from home. Commuting more than an hour and a half 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 Westpoint.
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