Lakeview Office Space

Lakeview

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,700
As of: December 8, 2016

Lakeview Rates

The typical asking rate per listing is in the $20's per square foot per year. The Lakeview submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year.

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

Lakeview Listing Supply

In the last 90 days, 10 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 2002 and are Class A.

Lakeview Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Lakeview folk. Commuting approximately an hour 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 Lakeview.
Market Report

Market Data

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