Highland Industrial

Highland

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
3,300
As of: June 22, 2017

Highland Rates

On average, listings lease in the $10's per square foot per year. The Highland submarket is going through a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year.

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

Highland Listing Supply

In the last 90 days, 2 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the available space in the Highland 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1978 and are Class A.

Highland Community

Market Report

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

Market Data

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