Bannockburn Medical Space

Bannockburn

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
9,370

Bannockburn Rates

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

Compared to the rest of the Chicagoland market, the Bannockburn region has less expensive rates, so you should have no trouble finding a great deal in this undervalued 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 4% of the listings in the Bannockburn are subleases, so you will probably have to consider a longer term lease. 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 9,370 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. 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.
Research