Highland Park Office Space

Highland Park

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Highland Park Rates

The typical asking rate per listing is in the $20's per square foot per year. The Highland Park region is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Chicagoland market, the Highland Park region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Highland Park Listing Supply

In the last 90 days, 11 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 18% of the listings in the Highland Park 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,550 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1988 and are Class A.

Highland Park Community

Market Report

Trends and status of the commercial real estate market in Highland Park.
Market Report

Market Data

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

Highland Park Submarkets