On average, listings lease in the $20's per square foot per year. The Northwest Side region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Chicagoland market, the Northwest 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, 963 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available space in the Northwest Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,910 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1952 and are Class B.
Real time and historical data on commercial real estate listings in Northwest Side.
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