Compared to the rest of the Chicagoland market, the Lake View East region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 36 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Lake View East are subleases, so you will probably have to consider a longer term lease. 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 1,590 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1923.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lake View East 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 Lake View East.
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