Lombard Office Space

Lombard

Office Space Market Report

Number of Listings (last 90 days)
93
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,890
As of: January 18, 2017

Lombard Rates

Most listings are in the $10's per square foot per year. The Lombard submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Chicagoland market, the Lombard region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Lombard Listing Supply

In the last 90 days, 93 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Lombard are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,970 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this region were built in 1984 and are Class B.

Lombard Community

Market Report

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

Market Data

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