On average, listings lease in the $10's per square foot per year. The Little Village region is seeing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Chicagoland market, the Little Village region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 54 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Little Village are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,250 sqft. Most properties in this area are approximately 1 stories. Most buildings in this region were built in 1937 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the folk of Little Village work from home. Commuting around 30 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 Little Village.
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