On average, listings lease in the $20's per square foot per year. The West Town region is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Chicagoland market, the West Town region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 264 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the listings in the West Town are subleases, so you might be able to find a shorter term or below market rent. 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 3,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1930 and are Class B.
Real time and historical data on commercial real estate listings in West Town.
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