Franklin Park Industrial

Franklin Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,200
As of: August 17, 2017

Franklin Park Rates

The typical asking rate per listing is in the $110's per square foot per year. The Franklin Park submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $90 per sqft per year. That's a 428% increase in rent.

Franklin Park Listing Supply

In the last 90 days, 3 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Franklin Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 900 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1980 and are Class B.

Franklin Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Franklin Park folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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