Pigeon Hill Retail

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Pigeon Hill

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
6,700
As of: February 20, 2017

Pigeon Hill Rates

Most listings are in the $10's per square foot per year. The Pigeon Hill region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Chicagoland market, the Pigeon Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Pigeon Hill Listing Supply

In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 6,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1926 and are Class B.

Pigeon Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Pigeon Hill occupants. Commuting close to 15 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 Pigeon Hill.
Market Report

Market Data

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