Westover Retail

Westover

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,000
As of: March 12, 2017

Westover Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westover region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 18% decrease in rent.

Westover Listing Supply

In the last 90 days, 12 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Westover are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1997 and are Class B.

Westover 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 area. Commute by motorcycle is the most popular way to get to work amongst Westover residents. Commuting approximately 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 Westover.
Market Report

Market Data

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