Near West Side Commercial Real Estate For Lease

Near West Side

Market Report

Number of Listings For Lease
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,060

Near West Side Commercial Real Estate

Find Near West Side commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Near West Side commercial real estate broker in Near West Side's Top Broker Directory. Learn about Near West Side commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Near West Side Rates

Most commerial real estate listings for lease are in the $30's per square foot per year. The Near West Side region is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $1 per sqft per year. That's a 4% increase in rent.

Compared to the rest of the Chicagoland commercial real estate market, the Near West Side submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.

Near West Side Listing Supply

In the last 90 days, 210 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Near West Side 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 size for office space in this area is around 10,720 sqft. Most properties in this region are close to 5 stories. Most buildings in this area were built approximately 1922 and are Class B.

Near West Side Community

Market Data

Real time and historical data on commercial real estate listings in Near West Side.
Research