West Side Office Space

West Side

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,410
As of: June 28, 2017

West Side Rates

On average, listings lease in the $30's per square foot per year. The West Side submarket is going through a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.

Compared to the rest of the Chicagoland market, the West Side submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

West Side Listing Supply

In the last 90 days, 40 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 140% of the available leases in the West 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,410 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1925 and are Class B.

West Side Community

Market Report

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

Market Data

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