On average, listings lease in the $30's per square foot per year. The West Side region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Chicagoland market, the West Side submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 731 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the office spaces in the West Side 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1926 and are Class B.
Real time and historical data on commercial real estate listings in West Side.
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