Most listings are in the $30's per square foot per year. The West Side region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Chicagoland market, the West Side submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 731 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available leases in the West Side 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 7,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1926 and are Class B.
Real time and historical data on commercial real estate listings in West Side.
Get email notifications when new listings are posted that match your requirements.