The typical asking rate per listing is in the $20's per square foot per year. The Westwood Forum region is seeing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.
In the last 90 days, 1 listings have come on the market, which means leases 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 2,570 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area 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 market. Most of the residents of Westwood Forum work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.