Park West Commercial Real Estate For Lease

Park West

Market Report

Number of Listings For Lease
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
1,580

Park West Commercial Real Estate

Find Park West commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Park West commercial real estate broker in Park West's Top Broker Directory. Learn about Park West commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Park West Rates

Most commerial real estate listings for lease are in the $40's per square foot per year. The Park West region is experiencing a a boost in rates. In the last 3 months, the median rate for lease went up $46 per sqft per year.

Compared to the rest of the Gold Coast commercial real estate market, the Park West region has greater rates for rent, and you may need to pay a premium to be in this hot region.

Park West Listing Supply

In the last 90 days, 16 commercial real estate listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available commercial real estate leases in the Park West are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,580 sqft. Most properties in this market are around 63 floors. Most buildings in this region were built close to 2008 and are Class A.

Park West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Park West folk. Commuting close to 30 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 Park West.
Research