Park West Office Space

Park West

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
710
As of: January 19, 2017

Park West Rates

The typical asking rate per listing is in the $30's per square foot per year. The Park West region is seeing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.

Compared to the rest of the Chicagoland market, the Park West submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Park West Listing Supply

In the last 90 days, 1 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 710 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1828 and are Class B.

Park West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Park West residents. 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 Park West.
Market Report

Market Data

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