O'Hare Office Space

O'Hare

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
10,290
As of: January 19, 2017

O'Hare Rates

The typical asking rate per listing is in the $20's per square foot per year. The O'Hare submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Chicagoland market, the O'Hare submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

O'Hare Listing Supply

In the last 90 days, 3 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the O'Hare are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 10,290 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 11 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst O'Hare occupants. Commuting close to 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