Bucktown Office Space

Bucktown

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,480
As of: June 25, 2017

Bucktown Rates

Most listings are in the $30's per square foot per year. The Bucktown submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.

Compared to the rest of the Chicagoland market, the Bucktown submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Bucktown Listing Supply

In the last 90 days, 10 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the available leases in the Bucktown 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 3,480 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1930 and are Class B.

Bucktown 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 area. Commute by motorcycle is the most popular way to get to work amongst Bucktown folk. Commuting under 5 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 Bucktown.
Market Report

Market Data

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