Far East Retail

Far East

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,980
As of: June 27, 2017

Far East Rates

Most listings are in the $20's per square foot per year. The Far East submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.

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

Far East Listing Supply

In the last 90 days, 5 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 140% of the office spaces in the Far East 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 1,980 sqft. Most properties in this market are around 1 stories. Most buildings in this region were built in 1989 and are Class B.

Far East Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Far East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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