River West Office Space

River West

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,220
As of: January 23, 2017

River West Rates

The typical asking rate per listing is in the $20's per square foot per year. The River West submarket is experiencing a a boost 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 River West submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

River West Listing Supply

In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. 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 1,220 sqft. Most properties in this market are around 3 stories. Most buildings in this market were built in 2008 and are Class B.

River West Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the residents of River West work from home. Commuting close to 15 minutes 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 River West.
Market Report

Market Data

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