Edgewater Office Space

Edgewater

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
9,520
As of: June 22, 2017

Edgewater Rates

The typical asking rate per listing is in the $30's per square foot per year. The Edgewater region is going through a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.

Compared to the rest of the Chicagoland market, the Edgewater submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Edgewater Listing Supply

In the last 90 days, 6 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the Edgewater 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 available, so finding a space for a small business might be tough.

Even though the median size is 9,520 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1930 and are Class C.

Edgewater Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Edgewater occupants. Commuting more than 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 Edgewater.
Market Report

Market Data

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