Northbrook Industrial

Northbrook

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,920

Northbrook Rates

Most listings are in the $20's per square foot per year. The Northbrook region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 28% increase in rent.

Northbrook Listing Supply

In the last 90 days, 24 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Northbrook are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1977.

Northbrook Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Northbrook occupants. Commuting between 20 and 25 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 Northbrook.
Research