West Side Industrial

West Side

Office Space Market Report

Number of Listings (last 90 days)
57
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,280
As of: December 7, 2016

West Side Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Side region is seeing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 44% rise in rent.

Compared to the rest of the Chicagoland market, the West Side submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

West Side Listing Supply

In the last 90 days, 57 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the West Side are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,280 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1926 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