Bucktown Industrial

Bucktown

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,000
As of: July 21, 2017

Bucktown Rates

Most listings are in the $30's per square foot per year. The Bucktown region is experiencing a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 56% rise in rent.

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

Bucktown Listing Supply

In the last 90 days, 10 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 80% of the listings in the Bucktown 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1940 and are Class B.

Bucktown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Bucktown residents. Commuting under 5 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 Bucktown.
Market Report

Market Data

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