Southwest Lakes Office Space

Southwest Lakes

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
900
As of: July 22, 2017

Southwest Lakes Rates

On average, listings lease in the $20's per square foot per year. The Southwest Lakes submarket is going through a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.

Compared to the rest of the Gold Coast market, the Southwest Lakes submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Southwest Lakes Listing Supply

In the last 90 days, 3 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Southwest Lakes are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this region were built in 2015 and are Class C.

Southwest Lakes Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Southwest Lakes occupants. Commuting close to 10 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 Southwest Lakes.
Market Report

Market Data

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