Westchester Industrial

Westchester

Office Space Market Report

Number of Listings (last 90 days)
55
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,890
As of: February 19, 2017

Westchester Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westchester submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 30% decline in rent.

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

Westchester Listing Supply

In the last 90 days, 55 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available space in the Westchester are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,890 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1986 and are Class A.

Westchester Community

Market Report

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

Market Data

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