Mount Prospect Office Space

Mount Prospect

Office Space Market Report

Number of Listings (last 90 days)
35
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
6,100
As of: March 12, 2017

Mount Prospect Rates

The typical asking rate per listing is in the $10's per square foot per year. The Mount Prospect submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Chicagoland market, the Mount Prospect region has lower 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 come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this area 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