Lakeview Retail

Lakeview

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,160
As of: February 26, 2017

Lakeview Rates

On average, listings lease in the $30's per square foot per year. The Lakeview region is going through a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 42% rise in rent.

Compared to the rest of the Chicagoland market, the Lakeview submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Lakeview Listing Supply

In the last 90 days, 11 listings have been posted online, which means leases most likley are going fast. 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 2,160 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 2004 and are Class A.

Lakeview Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Lakeview folk. Commuting around an hour 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 Lakeview.
Market Report

Market Data

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