Mount Prospect Industrial

Mount Prospect

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,500
As of: July 25, 2017

Mount Prospect Rates

The typical asking rate per listing is in the $20's per square foot per year. The Mount Prospect submarket is going through a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 40% increase in rent.

Compared to the rest of the Chicagoland market, the Mount Prospect submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Mount Prospect Listing Supply

In the last 90 days, 35 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 26% of the available leases in the Mount Prospect are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,500 sqft. Most properties in this region are close to 1 stories. Most buildings in this region were built in 1986 and are Class A.

Mount Prospect Community

Market Report

Trends and status of the commercial real estate market in Mount Prospect.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mount Prospect.
Research