Oak Park Office Space

Oak Park

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,190
As of: August 17, 2017

Oak Park Rates

On average, listings lease in the $30's per square foot per year. The Oak Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.

Oak Park Listing Supply

In the last 90 days, 4 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the available leases in the Oak 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,190 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1978 and are Class A.

Oak Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Oak Park occupants. Commuting close to 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 Oak Park.
Market Report

Market Data

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