The typical asking rate per listing is in the $20's per square foot per year. The Northwest submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
In the last 90 days, 215 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the available leases in the Northwest 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.
The standard measurement for office space in this area is around 1,780 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Northwest residents. 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 Northwest.
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