Westside Office Space

Westside

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
4,670
As of: May 21, 2017

Westside Rates

The typical asking rate per listing is in the $60's per square foot per year. The Westside region is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 13% increase in rent.

Westside Listing Supply

In the last 90 days, 29 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Westside are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,650 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this market were built in 1980 and are Class A.

Westside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Westside folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Westside.
Market Report

Market Data

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