Westchester Office Space

Westchester

Office Space Market Report

Number of Listings (last 90 days)
55
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,390
As of: May 24, 2017

Westchester Rates

The typical asking rate per listing is in the $10's per square foot per year. The Westchester region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

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

Westchester Listing Supply

In the last 90 days, 55 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available leases in the Westchester are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,390 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1986 and are Class A.

Westchester Community

Market Report

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

Market Data

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