On average, listings lease in the $10's per square foot per year. The East Pilsen submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $18 per sqft per year.
Compared to the rest of the Chicagoland market, the East Pilsen submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 34 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the East Pilsen are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,340 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst East Pilsen folk. Commuting under 5 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 East Pilsen.
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