Compared to the rest of the Chicagoland market, the River West submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 33 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the River West 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 measurement for office space in this area is around 1,500 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1998 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of River West work from home. Commuting close to 15 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 River West.
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