Lakeview Retail

Lakeview

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,590
As of: July 23, 2017

Lakeview Rates

Most listings are in the $30's per square foot per year. The Lakeview region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Chicagoland market, the Lakeview region has higher rates, and you'll need to pay a premium to be in this hot region.

Lakeview Listing Supply

In the last 90 days, 11 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 118% of the available leases in the Lakeview are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,590 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 2001 and are Class B.

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 market. Commute by motorcycle is the most popular way to get to work amongst Lakeview occupants. Commuting approximately 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