Edgewater Commercial Real Estate

5230 N Sheridan Rd - 3 Spaces Edgewater, Chicago, IL vanilla box space
Aug 01
1,200 - 1,700
sqft
Office Retail Other

Edgewater

Market Report

Number of Listings
Posted in the last 90 days
11
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
9,520

Edgewater Rates

Most listings are in the $30's per square foot per year. The Edgewater region is going through 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 Edgewater region has greater rates, and you'll need to pay a premium to be in this hot region.

Edgewater Listing Supply

In the last 90 days, 101 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Edgewater are subleases, so you will probably have to consider a longer term lease. 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 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1931 and are Class C.

Edgewater Community

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 area. Commute by motorcycle is the most popular way to get to work amongst Edgewater residents. Commuting more than an hour and a half 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 Edgewater.
Research