On average, listings lease in the $30's per square foot per year. The Highland Park region is seeing a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Chicagoland market, the Highland Park submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 71 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Highland Park 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,890 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Highland Park.
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