On average, listings lease in the $0's per square foot per year. The Westwood submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 20 listings have come on the market, which means new availabilities most likley are leasing quickly. 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.
The standard measurement for office space in this area is around sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1997 and are Class C.
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. Most of the residents of Westwood work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.