Oak Park Industrial

Oak Park

Market Report

Number of Listings
Posted in the last 90 days
3
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,190

Oak Park Rates

Most listings are in the $30's per square foot per year. The Oak Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decline in rent.

Oak Park Listing Supply

In the last 90 days, 35 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Oak Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,190 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1978 and are Class A.

Oak Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Oak Park occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

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