Southwest Side Office Space

Southwest Side

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,500
As of: December 7, 2016

Southwest Side Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southwest Side submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $19 per sqft per year.

Compared to the rest of the Chicagoland market, the Southwest Side submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Southwest Side Listing Supply

In the last 90 days, 9 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings in the Southwest Side 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1954 and are Class A.

Southwest Side Community

Market Report

Trends and status of the commercial real estate market in Southwest Side.
Market Report

Market Data

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