O'Hare Office Space

O'Hare

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
23,690

O'Hare Rates

Most listings are in the $20's per square foot per year. The O'Hare region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.

Compared to the rest of the Chicagoland market, the O'Hare region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

O'Hare Listing Supply

In the last 90 days, 249 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the O'Hare are subleases, so you will probably have to consider a longer term lease. 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 23,690 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 11 stories. Most buildings in this market were built in 1984 and are Class A.

O'Hare Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst O'Hare residents. Commuting around an hour 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 O'Hare.
Research