Old Irving Park Industrial

Old Irving Park

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,050
As of: January 22, 2017

Old Irving Park Rates

On average, listings lease in the $10's per square foot per year. The Old Irving Park region is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Chicagoland market, the Old Irving Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Old Irving Park Listing Supply

In the last 90 days, 4 listings have been made available, which means new availabilities most likley are leasing quickly. 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.

The standard measurement for office space in this area is around 1,050 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1970.

Old Irving Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Old Irving Park residents. Commuting between 20 and 25 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 Old Irving Park.
Market Report

Market Data

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