Far East Industrial

Far East

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,980
As of: June 23, 2017

Far East Rates

The typical asking rate per listing is in the $20's per square foot per year. The Far East region is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Compared to the rest of the Chicagoland market, the Far East region has greater rates, and you'll need to make a great offer to be in this hot region.

Far East Listing Supply

In the last 90 days, 5 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 140% of the available leases in the Far East are subleases, so you might be able to find a shorter term or below market rent. 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 1,980 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1989 and are Class B.

Far East Community

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 region. Commute by public transit is the most popular way to get to work amongst Far East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Far East.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Far East.
Research