Near Northwest Retail

Near Northwest

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,160
As of: July 25, 2017

Near Northwest Rates

The typical asking rate per listing is in the $20's per square foot per year. The Near Northwest region is experiencing a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year.

Near Northwest Listing Supply

In the last 90 days, 1 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Near Northwest 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,160 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1941 and are Class B.

Near Northwest Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Near Northwest occupants. Commuting between 20 and 25 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 Near Northwest.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near Northwest.
Research

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