Westside Office Space

Westside

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$57
Median Size (sqft)
4,820
As of: January 17, 2017

Westside Rates

Most listings are in the $50's per square foot per year. The Westside region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 10% decrease in rent.

Westside Listing Supply

In the last 90 days, 39 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 5% of the office spaces in the Westside are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,820 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 11 stories. Most buildings in this market were built in 1974 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 region. 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