Park West Retail

Park West

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
11,000
As of: December 2, 2016

Park West Rates

The typical asking rate per listing is in the $30's per square foot per year. The Park West region is experiencing a a boost in rates. In the last 3 months, the median rate went up $33 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Gold Coast market, the Park West region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Park West Listing Supply

In the last 90 days, 2 listings have come on the market, which means listings might be going fast. 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 11,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1924 and are Class A.

Park West 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 Park West residents. Commuting close to 30 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 Park West.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park West.
Research