The typical asking rate per listing is in the $30's per square foot per year. The Highwood submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Chicagoland market, the Highwood submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market were built in 1949 and are Class B.
Real time and historical data on commercial real estate listings in Highwood.
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