On average, listings lease in the $40's per square foot per year. The Edison Park submarket is going through a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year. That's a 130% rise in rent.
Compared to the rest of the Chicagoland market, the Edison Park region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means spaces might be going fast. 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 3,100 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Edison Park occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.