Summit West Retail

Summit West

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,040

Summit West Rates

The typical asking rate per listing is in the $10's per square foot per year. The Summit West region is going through a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 47% decrease in rent.

Summit West Listing Supply

In the last 90 days, 35 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Summit West are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,040 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 2005 and are Class A.

Summit West Community

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 area. Commute by bike is the most popular way to get to work amongst Summit West folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Summit West.
Research