Mount Prospect Office Space

Mount Prospect

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
16,900
As of: December 10, 2016

Mount Prospect Rates

The typical asking rate per listing is in the $10's per square foot per year. The Mount Prospect region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decline in rent.

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

Mount Prospect Listing Supply

In the last 90 days, 18 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 16,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1986 and are Class B.

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