Compared to the rest of the Chicagoland market, the Near West Galena submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Near West Galena 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,250 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1950 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Near West Galena residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Near West Galena.
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