Galewood Retail Space

Galewood

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,400

Galewood Rates

On average, listings lease in the $10's per square foot per year. The Galewood region is going through a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.

Compared to the rest of the Chicagoland market, the Galewood region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Galewood Listing Supply

In the last 90 days, 17 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available leases in the Galewood are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,400 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1980 and are Class B.

Galewood Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Galewood residents. Commuting between 30 and 45 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 Galewood.
Research