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Far West Algonquin Industrial Space For Lease

Far West Algonquin

Market Report

Number of Listings For Lease
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
130

Far West Algonquin Commercial Real Estate

Find Far West Algonquin commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Far West Algonquin commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Far West Algonquin Rates

The typical asking rate per commerial real estate listing leases is in the $50's per square foot per year. The Far West Algonquin submarket is seeing a decrease in rates. In the last 3 months, the median rate for lease decreased $1 per sqft per year.

Compared to the rest of the Chicagoland commercial real estate market, the Far West Algonquin submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot region.

Far West Algonquin Listing Supply

In the last 90 days, 18 commercial real estate listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 size for office space in this area is around 130 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built close to 2007 and are Class A.

Far West Algonquin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the occupants of Far West Algonquin work from home. Commuting between 30 and 45 minutes 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 Far West Algonquin.
Research