Summit West Sublease

Summit West

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,540
As of: February 18, 2017

Summit West Rates

The typical asking rate per listing is in the $30's per square foot per year. The Summit West submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 29% increase in rent.

Summit West Listing Supply

In the last 90 days, 5 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Summit West 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,540 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 2005 and are Class A.

Summit West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Summit West residents. 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 Summit West.
Market Report

Market Data

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