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Most commerial real estate listings for lease are in the $10's per square foot per year. The South Itasca submarket is seeing a decline in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the Chicagoland commercial real estate market, the South Itasca region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 32 commercial real estate listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 7,020 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built close to 1995 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst South Itasca folk. Commuting approximately an hour and a half 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 South Itasca.
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