The typical asking rate per listing is in the $10's per square foot per year. The Little Village region is experiencing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Chicagoland market, the Little Village region has lower rates, so you should have no trouble finding a great deal in this discounted 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 buildings in this region are close to 1 floors. Most buildings in this market 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 market. Most of the folk of Little Village work from home. Commuting approximately 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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