Park Ridge Commercial Real Estate For Lease

Park Ridge

Market Report

Number of Listings For Lease
Posted in the last 90 days
46
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
560

Park Ridge Office & Commercial Space

Featuring a residential population of approximately 37,000 inhabitants, Park Ridge is one of several mid-sized suburbs located in Illinois that combines community-oriented living with a close connection to the fast-paced, vibrant urban lifestyle of Chicago. Located only 15 miles to the northwest of Chicago, Park Ridge provides business owners seeking rental properties for lease, including office space for rent and commercial space for rent, with an advantageous platform on which to develop their enterprise throughout the region and state at large. The neighborhood zones located throughout Park Ridge may prove to be the ideal location for business owners who are invested in jumpstarting the success of their efforts.

Park Ridge Economic Overview

With median household incomes situated at approximately 160% of state averages, Park Ridge is primarily an affluent community composed of residents situated firmly within a middle class / upper-middle class income bracket. With the average age of residents hovering near 44, the majority of the population has established themselves within ‘in-demand’ career paths across a wide range of industries, including retail trade, finance, and professional, scientific and technical services, among others. The per capita income of Park Ridge is approximately $36,700. Unemployment levels in Park Ridge remain markedly below state averages, due primarily to the fact that the majority of the industries found in the area were not as severely affected by the recession as the manufacturing and construction sectors. That being said, approximately 2% of the population currently lives below the poverty line.

Park Ridge At A Glance

Park Ridge features an attractive degree of diversity and vibrancy that has helped make this one of the more popular Chicago suburbs for families, individuals and couples. Notable cultural attractions in the area include the Pickwick Theatre, a movie theater and playhouse whose origins can be traced back to 1928. This suburb was also featured heavily in the 1980 film The Blues Brothers. Demographically, Park Ridge is largely homogenous, with nearly 95% of the population classified as Caucasian. 63% of the nearly 14,000 households in Park Ridge are occupied by married couples, and 32% included children under the age of 18.

Where To Lease In Park Ridge

Rental properties in Park Ridge can be found throughout the community, and the vast majority of these will be suitable for a wide variety of commercial and interests. The nearness of Park Ridge to the downtown area of Chicago may prove to be particularly attractive for business owners who are hoping to engage with both local residents and the vast consumer base located within the city.

Learn More About Park Ridge

Market Data

Real time and historical data on commercial real estate listings in Park Ridge.
Research