Southwest Retail

Southwest

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
22,000
As of: July 21, 2017

Southwest Rates

On average, listings lease in the $10's per square foot per year. The Southwest submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 21% decrease in rent.

Southwest Listing Supply

In the last 90 days, 2 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 300% of the listings in the Southwest 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 posted, so finding a space for a small business might be tough.

Even though the median size is 22,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 2000 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. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southwest residents. Commuting close to an hour 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