The typical asking rate per listing is in the $40's per square foot per year. The Edison Park region is seeing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 130% rise in rent.
Compared to the rest of the Chicagoland market, the Edison Park region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means new listings most likley are going fast. 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.
Even though the median size is 3,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Edison Park folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.