Compared to the rest of the Chicagoland market, the Old Town region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 17 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Old Town are subleases, so you might be able to snag a great spot on a short term. 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 1,300 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 2004 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Old Town residents. 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 Old Town.
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