Mount Prospect Office Space

Mount Prospect

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,500
As of: July 19, 2017

Mount Prospect Rates

Most listings are in the $20's per square foot per year. The Mount Prospect submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 40% rise in rent.

Compared to the rest of the Chicagoland market, the Mount Prospect submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Mount Prospect Listing Supply

In the last 90 days, 35 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 26% of the listings in the Mount Prospect are subleases, so you might be able to snag a great spot on a short term. 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 2,500 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1986 and are Class A.

Mount Prospect Community

Market Report

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

Market Data

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