River District Office Space

130 N 4th St - Unit 1 Downtown Rockford, Rockford, IL open floor plan and carpet flooring
Aug 14
800
sqft
Mixed Use Office Medical

River District

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
17,000

River District Rates

The typical asking rate per listing is in the $40's per square foot per year. The River District region is going through a a boost in rates. In the last 3 months, the median rate went up $28 per sqft per year. That's a 148% increase in rent.

River District Listing Supply

In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the office spaces in the River District 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 17,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1925 and are Class Class B.

River District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst River District occupants. Commuting under 5 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 River District.
Research