Southwest Office Space

Southwest

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,720
As of: February 24, 2017

Southwest Rates

Most listings are in the $20's per square foot per year. The Southwest submarket is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% rise in rent.

Southwest Listing Supply

In the last 90 days, 8 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region 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 market. Commute by public transit is the most popular way to get to work amongst Southwest residents. 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