Southwest Office Space

Southwest

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
9,180
As of: June 24, 2017

Southwest Rates

On average, listings lease in the $10's per square foot per year. The Southwest region is going through a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year.

Southwest Listing Supply

In the last 90 days, 8 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces 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 posted, so finding a space for a small business might be tough.

Even though the median size is 9,180 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 2008 and are Class B.

Southwest 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 Southwest occupants. Commuting under 5 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.
Market Report

Market Data

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

Johnston Submarkets