Lakeview Commercial Real Estate

1438 W Belmont Ave - 2 Spaces Lakeview, Chicago, IL eight foot ceiling height
Aug 10
1,750 - 1,940
sqft
Office Medical Retail

Lakeview

Market Report

Number of Listings
Posted in the last 90 days
25
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
1,590

Lakeview Rates

On average, listings lease in the $30's per square foot per year. The Lakeview region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Chicagoland market, the Lakeview region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Lakeview Listing Supply

In the last 90 days, 125 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the listings in the Lakeview 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 on the market, 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 region are approximately 3 stories. Most buildings in this market were built in 1958 and are Class B.

Lakeview Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Lakeview occupants. Commuting approximately 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 Lakeview.
Research