Bannockburn Industrial

Bannockburn

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
8,850

Bannockburn Rates

On average, listings lease in the $20's per square foot per year. The Bannockburn submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decline in rent.

Compared to the rest of the Chicagoland market, the Bannockburn submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Bannockburn Listing Supply

In the last 90 days, 92 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available leases in the Bannockburn 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 8,850 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1988 and are Class A.

Bannockburn Community

Market Data

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