On average, listings lease in the $10's per square foot per year. The Southwest submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 2% rise in rent.
In the last 90 days, 8 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases in the Southwest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 2008 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Southwest residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.