Pilsen Industrial


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Pilsen Rates

On average, listings lease in the $20's per square foot per year. The Pilsen region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the Chicagoland market, the Pilsen submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Pilsen Listing Supply

In the last 90 days, 3 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1909 and are Class C.

Pilsen 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 market. Commute by walking is the most popular way to get to work amongst Pilsen occupants. 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 Pilsen.
Market Report

Market Data

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