Southwest Office Space

Southwest

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,920
As of: August 21, 2017

Southwest Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southwest region is going through a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 2% rise in rent.

Southwest Listing Supply

In the last 90 days, 8 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Southwest 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,920 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this market 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