Griffith Office Space

Griffith

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,200
As of: August 20, 2017

Griffith Rates

On average, listings lease in the $10's per square foot per year. The Griffith submarket is going through a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.

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

Griffith Listing Supply

In the last 90 days, 0 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Griffith are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1994 and are Class A.

Griffith Community

Market Report

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

Market Data

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