Far East Office Space

Far East

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,020
As of: December 7, 2016

Far East Rates

The typical asking rate per listing is in the $20's per square foot per year. The Far East region is going through a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year.

Compared to the rest of the Chicagoland market, the Far East submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Far East Listing Supply

In the last 90 days, 23 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,020 sqft. Most buildings in this market are close to 1 stories. Most buildings in this area were built in 1989 and are Class B.

Far East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Far East residents. Commuting between 30 and 45 minutes 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 Far East.
Market Report

Market Data

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