Westside Office Space

Westside

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,400
As of: July 27, 2017

Westside Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westside region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 21% decline in rent.

Westside Listing Supply

In the last 90 days, 6 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the Westside are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,400 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 2000 and are Class C.

Westside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services 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