Westgate Retail

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Westgate

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,280
As of: January 23, 2017

Westgate Rates

Most listings are in the $10's per square foot per year. The Westgate submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.

Westgate Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Westgate are subleases, so you might be able to find a shorter term or below market rent. 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 2,280 sqft. Most buildings in this area were built in 1997 and are Class B.

Westgate 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 area. Commute by walking is the most popular way to get to work amongst Westgate occupants. Commuting close to 20 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 Westgate.
Market Report

Market Data

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

Fargo Submarkets