On average, listings lease in the $10's per square foot per year. The Southwest region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 21% decrease in rent.
In the last 90 days, 2 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 350% of the available space in the Southwest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 22,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 2000 and are Class B.
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 Southwest occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.