Westfield Sublease

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Westfield

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
6,410
As of: June 27, 2017

Westfield Rates

On average, listings lease in the $30's per square foot per year. The Westfield submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $34 per sqft per year.

Westfield Listing Supply

In the last 90 days, 14 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Westfield 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 6,410 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1964 and are Class C.

Westfield Community

Market Report

Trends and status of the commercial real estate market in Westfield.
Market Report

Market Data

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