Westgate Retail

Westgate

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
980
As of: June 22, 2017

Westgate Rates

On average, listings lease in the $20's per square foot per year. The Westgate region is seeing a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year.

Compared to the rest of the Omaha market, the Westgate submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Westgate Listing Supply

In the last 90 days, 5 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 60% of the office spaces in the Westgate 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 980 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 1965 and are Class C.

Westgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Westgate folk. Commuting between 30 and 45 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