Most listings are in the $30's per square foot per year. The Near West Side submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Chicagoland market, the Near West Side region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 210 listings have come on the market, so you'll want to check back regularly for new listings. About 14% of the office spaces in the Near West Side are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 floors. Most buildings in this region were built in 1925 and are Class B.
Real time and historical data on commercial real estate listings in Near West Side.
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