Andersonville Commercial Real Estate

Andersonville

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
9,520

Andersonville Rates

The typical asking rate per listing is in the $30's per square foot per year. The Andersonville submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.

Compared to the rest of the Chicagoland market, the Andersonville submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Andersonville Listing Supply

In the last 90 days, 20 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Andersonville 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 9,520 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 2016.

Andersonville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Andersonville residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Andersonville.
Research