West Side Industrial

West Side

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,140
As of: July 22, 2017

West Side Rates

Most listings are in the $30's per square foot per year. The West Side submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% increase in rent.

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

West Side Listing Supply

In the last 90 days, 40 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 138% of the available space in the West Side 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 3,140 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1925 and are Class B.

West Side Community

Market Report

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

Market Data

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