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North Park Retail Space For Lease

North Park

Market Report

Number of Listings For Lease
Posted in the last 90 days
23
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
620

North Park Commercial Real Estate

Find North Park commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about North Park commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

North Park Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The North Park region is going through a an increase in rates. In the last 3 months, the median rate for lease went up $2 per sqft per year. That's a 9% rise in rent.

Compared to the rest of the Chicagoland commercial real estate market, the North Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

North Park Listing Supply

In the last 90 days, 30 commercial real estate listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 410 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built around 1954 and are Class B.

North Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North Park folk. Commuting close to 20 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 North Park.
Research