O'Hare Office Space

O'Hare

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,180
As of: June 25, 2017

O'Hare Rates

On average, listings lease in the $20's per square foot per year. The O'Hare submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year.

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

O'Hare Listing Supply

In the last 90 days, 6 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the O'Hare 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,180 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 11 floors. Most buildings in this region were built in 1984 and are Class A.

O'Hare 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 walking is the most popular way to get to work amongst O'Hare 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 O'Hare.
Market Report

Market Data

Real time and historical data on commercial real estate listings in O'Hare.
Research