Far South Chicago Retail

Far South Chicago

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
370
As of: December 4, 2016

Far South Chicago Rates

The typical asking rate per listing is in the $30's per square foot per year. The Far South Chicago submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 41% rise in rent.

Compared to the rest of the Chicagoland market, the Far South Chicago region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Far South Chicago Listing Supply

In the last 90 days, 8 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 370 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1960 and are Class B.

Far South Chicago Community

Market Report

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

Market Data

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