Champaign Industrial

Champaign

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,840
As of: May 22, 2017

Champaign Rates

Most listings are in the $20's per square foot per year. The Champaign submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 44% decline in rent.

Champaign Listing Supply

In the last 90 days, 40 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Champaign are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,840 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1988 and are Class A.

Champaign Community

Market Report

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

Market Data

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