The typical asking rate per listing is in the $20's per square foot per year. The Westwood Forum submarket is going through a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.
In the last 90 days, 10 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Westwood Forum work from home. Commuting around 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 Westwood Forum.
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