On average, listings lease in the $30's per square foot per year. The West Town region is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Chicagoland market, the West Town region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 264 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces in the West Town are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 4,500 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1930 and are Class B.
Real time and historical data on commercial real estate listings in West Town.
Get email notifications when new listings are posted that match your requirements.