Edgewater Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Edgewater Rates

On average, listings lease in the $20's per square foot per year. The Edgewater submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decrease in rent.

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

Edgewater Listing Supply

In the last 90 days, 9 listings have been listed, which means office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1928 and are Class C.

Edgewater Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Edgewater folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.