On average, listings lease in the $20's per square foot per year. The Westfield region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 14 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Westfield 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,410 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1964 and are Class C.