On average, listings lease in the $0's per square foot per year. The Westwood North region is seeing a decline in rates. In the last 3 months, the median rate fell $63 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,820 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this area were built in 2004 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by motorcycle is the most popular way to get to work amongst Westwood North residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.